Common use of Invalidity of Provision Clause in Contracts

Invalidity of Provision. If any of the provisions of this Agreement shall be held by a court or administrative agency of competent jurisdiction to contravene the laws of any country, it is agreed that such invalidity or illegality should not invalidate the whole Agreement, but this Agreement shall be construed as if it did not contain the provision or provisions held to be invalid or illegal in the particular jurisdiction concerned, and insofar as such construction does not affect the substance of this Agreement and the rights and obligations of the parties hereto, it shall be construed and enforced accordingly. In the event, however, that such invalidity or illegality shall substantially alter the relationship between the parties hereto, affecting adversely the interest of either party, then the parties hereto shall negotiate a mutually acceptable alternative provision not conflicting with such laws.

Appears in 6 contracts

Samples: Patent License Agreement (Sunshine Heart, Inc.), Patent License Agreement (3 D Systems Corp), Patent License Agreement (3 D Systems Corp)

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Invalidity of Provision. If any of the provisions provision of this Agreement agreement shall be held by an arbitrator or a court or administrative agency of competent jurisdiction to contravene the laws of any country, it is agreed that such invalidity or illegality should not invalidate the whole Agreement, but this Agreement shall be construed as if it did not contain the provision or provisions held to be invalid or illegal in the particular jurisdiction concerned, and insofar as such the construction does not affect the substance of this Agreement and the rights and obligations of the parties heretoto it, it shall be construed and enforced accordingly. In the event, however, that such the invalidity or illegality shall substantially alter alters the relationship between the parties hereto, affecting and adversely affects the interest of either party, then the parties hereto shall negotiate a mutually acceptable alternative provision not conflicting with such laws.

Appears in 2 contracts

Samples: Master License Agreement (Rentech Inc /Co/), Project Development Participation Agreement (Rentech Inc /Co/)

Invalidity of Provision. If any of the provisions of this Agreement shall be held by a court or administrative agency of competent jurisdiction to contravene the laws of any country, it is agreed that such invalidity or illegality should shall not invalidate the whole Agreementagreement, but this Agreement shall be construed as if it did not contain the provision provisions claimed or provisions held to be invalid or illegal in the particular jurisdiction concerned, and insofar Insofar as such construction does not materially affect the substance of this Agreement Agreement, and the rights and obligations of the parties hereto, it hereto shall be construed and enforced accordingly. In the event, however, that such claimed invalidity or illegality shall substantially alter after the relationship between the parties hereto, hereto materially affecting adversely the interest of either party, then the parties hereto shall negotiate a mutually acceptable alternative provision not conflicting with such laws.

Appears in 1 contract

Samples: Agreement (Presstek Inc /De/)

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Invalidity of Provision. If any of the provisions of this Agreement shall be held by arbitrators or a court or administrative agency of competent jurisdiction to contravene the laws of any country, it is agreed that such invalidity or illegality should not invalidate the whole Agreement, but this Agreement shall be construed as if it did not contain the provision or provisions held to be invalid or illegal in the particular jurisdiction concerned, and insofar as such construction does not affect the substance of this Agreement and the rights and obligations of the parties hereto, it shall be construed and enforced accordingly. In the event, however, that such invalidity or illegality shall will substantially alter the relationship between the parties heretoto this Agreement, affecting adversely the interest of either party, then the parties hereto shall negotiate a mutually acceptable alternative provision not conflicting in conflict with such laws.

Appears in 1 contract

Samples: License Agreement (Turbine Truck Engines Inc)

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