severable contract

Definition of severable contract:
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


Enron mail blog, Enron mail archive, Loan Morph, Pseudo Words, Franz Kafka, The Metamorphosis, Stock Morph, HostMon, Chess Morph, Search Morph, News Morph, I'm Sorry Dave - Dave's weblog bookmarks