Waiver and Severability; Assignment Clause Samples
The "Waiver and Severability; Assignment" clause defines how the parties handle the enforcement and transferability of their contractual rights and obligations. It typically states that if one party chooses not to enforce a particular right or provision, this does not mean they waive their ability to enforce it in the future, and that if any part of the contract is found invalid or unenforceable, the remaining provisions will still apply. Additionally, it often addresses whether and how a party may assign their rights or delegate their duties under the agreement to another party. This clause ensures the contract remains effective even if parts are challenged or if parties' interests change, thereby maintaining stability and flexibility in the contractual relationship.
Waiver and Severability; Assignment. Failure by Company to insist upon or enforce strict performance of any provision of this Agreement will not be construed as a waiver of any provision or right. Neither the course of
Waiver and Severability; Assignment. Failure by Chariton Valley to insist upon or enforce strict performance of any provision of this Agreement will not be construed as a waiver of any provision or right. Neither the course of conduct between the parties nor trade practice will act to modify any provision of this Agreement. Chariton Valley may assign our rights and duties under these terms to any party at any time without notice to you. If any provision of this Agreement is found to be unenforceable or invalid, this Agreement's unaffected provisions will remain in effect.