NULLITY OF CONTRACT Sample Clauses

The Nullity of Contract clause defines the circumstances under which a contract is considered legally void and without effect. Typically, this clause outlines situations such as illegality, lack of capacity, or fundamental defects in consent that render the agreement unenforceable from the outset. By specifying these conditions, the clause helps parties understand when their contractual obligations may be invalidated, thereby protecting them from being bound by agreements that are fundamentally flawed or unlawful.
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NULLITY OF CONTRACT. This contract is considered null and void and, consequently, has no effect in the case of accident, when either the Policyholder or the Insured Person have made incorrect declarations as well failing to reveal facts or circumstances known to them and which could have an effect on the existence or conditions of the contract, namely accepting the contract, maintaining it or renewing the contract by the Insurer. If such declarations or failure to reveal information has been done in bad faith, the Insurer has the right to the premium, notwithstanding the contract becoming null and void in the terms of the previous number, as well as to reimbursement of amounts paid in indemnities settled in the meantime.
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Related to NULLITY OF CONTRACT

  • Assignability of Contract It is understood and agreed that this Contract contemplates personal performance by the Contractor and is based upon a determination of its unique personal competence and experience and upon its specialized personal knowledge. Assignments of any or all rights, duties or obligations of the Contractor under this Contract will be permitted only with the express written consent of the County.

  • Entirety of Contract The Contract is the entire agreement between the parties with respect to its subject matter, and supersedes all prior agreements, bids, offers, counteroffers and understandings of the parties, whether written or oral. The Contract has been entered into after full investigation, neither party relying upon any statement or representation by the other unless such statement or representation is specifically embodied in the Contract.

  • Termination of Contracts Neither the Company nor any of its Subsidiaries has sent or received any communication regarding termination of, or intent not to renew, any material contract or agreement referred to or described in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus or filed as an exhibit to the Registration Statement, and no such termination or non-renewal has been threatened by the Company or any of its Subsidiaries or by any other party to any such contract or agreement.

  • Enforceability of Contracts Each Contract with respect to each Receivable is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.