Definitions
There is 1 meaning of the phrase
Severable Contract.
Severable Contract - as a noun
A contract which, in the event of a breach by one of the parties, can be considered as several independent agreements expressed in a single instrument
Example Sentences
"A severable contract is an agreement where the parties involved can be held separately liable for their individual obligations."
"In a severable contract, the failure of one party to fulfill their obligations does not necessarily terminate the entire agreement."
"A severable contract allows for a part of the agreement to be performed independently of the rest."
"The real estate development project was divided into several severable contracts to simplify the management."
"In a severable contract for services, each task is separately priced and can be performed individually."
