Common use of 4Severability Clause in Contracts

4Severability. In the event that any or more provisions of this Agreement are held to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by laws the intentions of the Parties, and are of an economic effect as close as possible to that of such invalid, illegal or unenforceable provisions.

Appears in 4 contracts

Samples: Exclusive Option Agreement (KE Holdings Inc.), Exclusive Option Agreement (KE Holdings Inc.), Exclusive Option Agreement (KE Holdings Inc.)

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4Severability. In the event that If any or more provisions provision of this Agreement are shall be held to be invalidillegal, illegal invalid or unenforceable in any aspect in accordance with any laws or regulationsunenforceable, the Parties agree that such provision will be enforced to the maximum extent permissible so as to effect the intent of the Parties, and the validity, legality or and enforceability of the remaining provisions of this Agreement shall not in any way be affected or compromised in any aspectimpaired thereby. The If necessary to effect the intent of the Parties, the Parties shall will negotiate in good faith to amend this Agreement to replace such invalid, illegal or the unenforceable provisions language with effective provisions that accomplish to the greatest extent permitted by laws the intentions of the Parties, and are of an economic effect enforceable language which as close closely as possible to that of reflects such invalid, illegal or unenforceable provisionsintent.

Appears in 2 contracts

Samples: Preemptive Rights Assignment Agreement, Preemptive Rights Assignment Agreement

4Severability. In the event that If any or more provisions provision of this Agreement are held is declared by a court of competent jurisdiction to be invalid, illegal illegal, unenforceable, or unenforceable in any aspect in accordance with any laws void then both Parties shall be relieved of all obligations arising under such provision, but only to the extent that such provision is invalid, illegal, unenforceable, or regulations, void. If the validity, legality or enforceability of the remaining provisions remainder of this Agreement is capable of substantial performance, then each provision not so affected shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish enforced to the greatest extent permitted by laws the intentions of the Parties, and are of an economic effect as close as possible to that of such invalid, illegal or unenforceable provisionslaw.

Appears in 2 contracts

Samples: Patent License Agreement, Patent License Agreement (Securetech, Inc.)

4Severability. In the event that any or more provisions of this Agreement are held to be invalid, illegal or ​ ​ unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by laws the intentions of the Parties, and are of an economic effect as close as possible to that of such invalid, illegal or unenforceable provisions.

Appears in 2 contracts

Samples: Exclusive Option Agreement (KE Holdings Inc.), Exclusive Option Agreement (KE Holdings Inc.)

4Severability. In the event that If any or more provisions provision of this Agreement are held to be invalidis, illegal becomes, or is deemed invalid or unenforceable in by any aspect in accordance with any laws court or regulationsother competent authority having jurisdiction, the validity, legality or enforceability of the remaining provisions remainder of this Agreement shall not be affected or compromised in any aspect. The remain unimpaired and the Parties shall promptly negotiate in good faith to replace amend such invalid, illegal invalid or unenforceable provisions with effective provisions that provision to conform to applicable laws so as to be valid and enforceable and best accomplish to the greatest extent permitted by laws the intentions original intent of the Parties, and are of an economic effect as close as possible to that of such invalid, illegal or unenforceable provisions.

Appears in 1 contract

Samples: Collaboration and License Agreement (BICYCLE THERAPEUTICS PLC)

4Severability. In the event that If any term or more provisions other provision of this Agreement are is held to be invalid, illegal or unenforceable in incapable of being enforced under any aspect in accordance with any laws applicable Law or regulationsas a matter of public policy, the validity, legality or enforceability of the remaining all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Agreement is not be affected or compromised in any aspect. The Parties shall negotiate in good faith manner materially adverse to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by laws the intentions of the Parties, and are of an economic effect as close as possible to that of such invalid, illegal or unenforceable provisionsany party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Amphastar Pharmaceuticals, Inc.)

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4Severability. In the event that If any or more provisions provision of this Agreement are is or is held to be invalidinvalid or unenforceable, illegal then so far as it is invalid or unenforceable it has no effect and is deemed not to be included in this Agreement. This shall not invalidate any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspectAgreement. The Parties shall negotiate in good faith then use all reasonable endeavors to agree with each other Party, and replace such invalid, illegal the invalid or unenforceable provisions with effective provisions that accomplish to provision by a valid provision the greatest extent permitted by laws the intentions effect of the Parties, and are of an economic effect which is as close as possible to that the intended effect of such invalid, illegal the invalid or unenforceable provisionsprovision.

Appears in 1 contract

Samples: Technology License Agreement (Bellerophon Therapeutics, Inc.)

4Severability. In the event that any one or more several of the provisions of this Agreement are held found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspectrespect. The Parties shall negotiate strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish are effective to the greatest extent permitted by laws and the intentions of the Parties, and are of an the economic effect of such effective provisions shall be as close as possible to that of such those invalid, illegal or unenforceable provisions.

Appears in 1 contract

Samples: Exclusive Option Agreement (Futu Holdings LTD)

4Severability. In the event that any one or more several of the provisions of this Agreement are held found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspectrespect. The Parties shall negotiate strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by laws law and the intentions of the Parties, and are of an the economic effect of such effective provisions shall be as close as possible to that the economic effect of such those invalid, illegal or unenforceable provisions.

Appears in 1 contract

Samples: Exclusive Option Agreement (Ando Holdings Ltd.)

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