Common use of Severance of Terms Clause in Contracts

Severance of Terms. 18.1 If the whole or any part of this Agreement is or becomes or is declared illegal, invalid or unenforceable in any jurisdiction for any reason (including both by reason of the provisions of any legislation and also by reason of any court or Competent Authority which either has jurisdiction over this Agreement or has jurisdiction over any of the Parties): 18.1.1 in the case of the illegality, invalidity or unenforceability of the whole of this Agreement it shall terminate only in relation to the jurisdiction in question; or 18.1.2 in the case of the illegality, invalidity or unenforceability of part of this Agreement that part shall be severed from this Agreement in the jurisdiction in question and that illegality, invalidity or unenforceability shall not in any way whatsoever prejudice or affect the remaining parts of this Agreement which shall continue in full force and effect. 18.2 If in the reasonable opinion of any Party any severance under this Clause 18 materially affects the commercial basis of this Agreement, the Parties shall discuss, in good faith, ways to eliminate the material effect.

Appears in 3 contracts

Samples: Patent and Know How Licence (Viragen Inc), Patent and Know How Licence (Percipio Biotherapeutics, Inc.), Patent and Know How Licence (Genesis Biopharma, Inc)

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Severance of Terms. 18.1 17.1 If the whole or any part of this Agreement is or becomes or is declared illegal, invalid or unenforceable in any jurisdiction for any reason (including both by reason of the provisions of any legislation and also by reason of any court or Competent Authority competent authority which either has jurisdiction over this Agreement or has jurisdiction over any of the Parties): 18.1.1 17.1.1 in the case of the illegality, invalidity or unenforceability un-enforceability of the whole of this Agreement it shall terminate only in relation to the jurisdiction in question; or 18.1.2 17.1.2 in the case of the illegality, invalidity or unenforceability un-enforceability of part of this Agreement that part shall be severed from this Agreement in the jurisdiction in question and that illegality, invalidity or unenforceability un- enforceability shall not in any way whatsoever prejudice or affect the remaining parts of this Agreement which shall continue in full force and effect. 18.2 17.2 If in the reasonable opinion of any Party any severance under this Clause 18 17 materially affects the commercial basis of this Agreement, the Parties shall discuss, in good faith, ways to eliminate the material effect.

Appears in 1 contract

Samples: Convertible Loan Agreement

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