severable contract

severable contract
n.
A contract that contains two or more independent parts, one or more of which can potentially be breached without invalidating the entire contract.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


severable contract
A contract which is comprised of several separate contracts such that the breach of one does not necessarily mean the breach of the remainder — for example, a sales agreement for several pieces of equipment each with its own payment schedules.
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Nolo’s Plain-English Law Dictionary. . 2009.

severable contract
n.
   an agreement which is made up of several separate contracts between the same parties, such as series of sales, shipments or different pieces of equipment. Therefore, breach of one of the separate (severable) contracts is not a breach of the remainder of the overall contract and is not an excuse for the other party to refuse to honor any divisable part of the contract which has not been breached. Example: Whitley Widget Company has contracted with Hardy Hardware to deliver a dozen wall heaters, one ton of nails, 100 rolls of linoleum and a truckload of roof tiles, with a price set for each type of product. Whitley no longer produces nails and cannot deliver them, but the other parts of the contract remain in force between Whitley and Hardy.
   See also: breach of contract, contract

Law dictionary. . 2013.

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Look at other dictionaries:

  • severable contract — entire and severable contracts An entire contract is one the consideration of which is entire on both sides. The entire fulfillment of the promise by either is a condition precedent to the fulfillment of any part of the promise by the other.… …   Black's law dictionary

  • severable contract — entire and severable contracts An entire contract is one the consideration of which is entire on both sides. The entire fulfillment of the promise by either is a condition precedent to the fulfillment of any part of the promise by the other.… …   Black's law dictionary

  • Severable contract — In contract law, a severable contract is a contract that is actually composed of several separate contracts concluded between the same parties, so that failing (breaching) one part of such a severable contract does not breach the whole contract.… …   Wikipedia

  • severable contract — See divisible contract; severability of contract …   Ballentine's law dictionary

  • severable contract — 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 • Hypernyms: ↑contract …   Useful english dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • severable — sev·er·able / se vrə bəl, se və rə / adj: capable of being severed: divisible a severable contract a severable bequest compare entire sev·er·abil·i·ty /ˌse vrə bi lə tē, ˌse və rə / …   Law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • severable — severability, n. /sev euhr euh beuhl, sev reuh /, adj. 1. capable of being severed. 2. Law. separable or capable of being treated as separate from a whole legal right or obligation: a severable contract obligation. [1540 50; SEVER + ABLE] * * * …   Universalium

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