Voidance Clause Samples
The Voidance clause establishes the conditions under which a contract or specific provisions within it become null and without legal effect. Typically, this clause outlines scenarios such as illegality, misrepresentation, or failure to meet essential requirements, which would render the agreement or certain terms unenforceable. Its core practical function is to protect parties from being bound by obligations that are invalid or contrary to law, thereby ensuring that only legitimate and enforceable terms govern the contractual relationship.
Voidance. We may declare this Contract void from its inception, and demand repayment of all commissions or other compensation we paid or payable to you pursuant to an assignment, if you provided any incomplete or inaccurate information on or in connection with any producer application you provide to us, or any of our affiliates. Termination or voidance of this Contract shall terminate any and all authority granted to you hereunder, but you shall remain bound by any specific post-termination obligations, restrictions and limitations, and shall remain fully liable for any indebtedness or other obligations to the Agency. In the event of termination of this Contract under subparagraph (A) above, we reserve the right to immediately assign another producer to service the Clients that you previously serviced. If this Contract is terminated for any reason other than for cause under Section 4.1(A) above, we will continue to pay any commissions payable by us to you under Section 2.1.1 until: (i) your death and the death of all designated beneficiaries (or dissolution if you are a business entity; (ii) these payments have been made for five (5) years; or (iii) commissions otherwise payable to you in any calendar year are $1,000 or less.
Voidance. In the event a Subscriber makes a material misrepresentation or a false statement in obtaining Coverage under this Agreement, this Agreement is void. If benefits were provided under an Agreement issued under such circumstances, the Subscriber agrees to reimburse the Plan for the benefits which were provided.
Voidance. 12.1 If any of the clauses of this Agreement were, for one reason or another, to be considered null and void, illegal or inapplicable, said clause shall be replaced by a valid, legal and applicable provision that reflects as well as possible the Seller’s original intent, and the validity, legality or applicability of the other clauses shall not be affected nor reduced as a result.
Voidance. We may declare this Contract void ab initio, and demand repayment of all commissions or other compensation we paid to you either directly or pursuant to an assignment, if you provided any incomplete or inaccurate information on or in connection with your producer application. Termination or voidance of this Contract shall terminate any and all authority granted to you hereunder, including, but not limited to, the termination all Commission Schedules, but you shall remain bound by any specific post- termination obligations, restrictions and limitations, and shall remain fully liable for any indebtedness or other obligations to the Company. In the event of termination of this Contract under subparagraph (A) above, we reserve the right to immediately assign another producer to service the Clients that you previously serviced.
Voidance. This policy can be voided/treated as not taken up from the inception date of the policy should it be discovered that there has been any form of misrepresentation, incorrect description or non-disclosure from you or anyone acting on your behalf. All premiums collected from the inception date of the policy or from the date the misrepresentation, incorrect description or non-disclosure occurred will be refunded to you.
Voidance. Guarantee is void if Client substantially changes the terms of the employment offer or conditions of employment. Substantial changes include, but are not limited to, changing duties, compensation, benefits, or employment location. Guarantee is void if Placement fails to complete any Training at the fault of the Client. Guarantee is void if Client does not make final payment within 30 days of the employment offer acceptance.
Voidance. If by any reason any of the previsions under this Agreement would be voided, the remaining provisions herein shall, the foregoing notwithstanding, generate all effects. If any provision herein would be unacceptable and/or inapplicable in any jurisdiction, such provision shall not be voided and will not lose its effect in any other jurisdiction.
Voidance. In the event any of the Completion Documents are voided as a result of any fraudulent misrepresentation or other fraudulent act or omission of Seller, Seller shall be responsible for implementing at its expense any measures necessary to have the Completion Documents reinstated.