Common use of Section Eighteen Clause in Contracts

Section Eighteen. NULLITY, INVALIDITY OR NON-ENFORCEABILITY.- The declaration of nullity, invalidity or non-enforceability of any provision herein shall cause it to be deemed not written or invalid, but the nullity or invalidity of such provision shall not affect the validity or enforceability of the remaining provisions hereof. Furthermore, the parties hereby agree to replace such null or invalid provision by any other valid and enforceable provision that, as far as possible, has the same economic, commercial or other effects set forth in the provision declared null or invalid.