Common use of Severability / Good Faith Clause in Contracts

Severability / Good Faith. Should any part or provision of this Agreement be held to be invalid or unenforceable by any competent court, governmental or administrative authority having jurisdiction, the other provisions of this Agreement shall nonetheless remain valid. In such case, the Parties shall endeavour to negotiate a substitute provision that best reflects the economic intentions of the Parties without being invalid or unenforceable, and shall execute all instruments and documents required to this effect.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Severability / Good Faith. Should any part or provision of this Agreement be held to be invalid or unenforceable by any competent court, governmental or administrative authority having jurisdiction, the other provisions of this Agreement shall nonetheless remain valid. In such this case, the Parties shall endeavour to negotiate a substitute provision that best reflects the economic intentions of the Parties without being invalid or unenforceable, and shall execute all instruments agreements and documents required in this connection. The same shall apply if and to the extent that this effectAgreement is found to contain any gaps or omissions.

Appears in 2 contracts

Samples: License and Development Agreement (NLS Pharmaceutics Ltd.), Series a Loan Agreement (NLS Pharmaceutics Ltd.)

AutoNDA by SimpleDocs

Severability / Good Faith. Should any part or provision of this Agreement be held to be invalid or unenforceable by any competent court, governmental or administrative authority having jurisdiction, the other provisions of this Agreement shall nonetheless remain valid. In such this case, the Parties parties shall endeavour endeavor to negotiate a substitute provision that best reflects the economic intentions of the Parties parties without being invalid or unenforceable, and shall execute all instruments agreements and documents required to in this effectconnection.

Appears in 1 contract

Samples: Share Purchase Agreement (Lionbridge Technologies Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!