Nullity definition

Nullity means the automatic invalidity of the contract. The contract must therefore 63 become ineffective without further action on the part of the parties (ipso iure).69 ‘Rescis- sion’ eventually also leads to the invalidity of the contract, but requires a specific act of annulment. In the absence of an explicit determination, this effect can be brought about directly by trader or consumer as well as upon their initiative by a court. According to
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Nullity. If one or more stipulations of the SC and/or SLA are held to be invalid or declared as such in application of a law or regulation or following a final decision of a competent court, the other stipulations will retain all their force and scope, and the Parties undertake to come together and reach an agreement on a similar provision that eliminates the invalidity affecting the previous stipulation.
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Examples of Nullity in a sentence

  • Nullity of individual provisions shall not affect the validity of the agreement.

  • Divorce itself is not recognized in the Philippines (although Nullity proceedings are common) but there are provisions for the division of matrimonial property.

  • The Parties agree that the following clauses of the Credit Contract (as restated through this Agreement) shall apply mutatis mutandis to this Agreement: Twenty-Second (Notices); Twenty-Sixth (Headings); Twenty-Seventh (Annexes); Twenty-Ninth (Nullity); Thirtieth (Applicable Laws); and Thirty-First (Jurisdiction).

  • Nullity or invalidity of one or multiple provisions of the present terms and conditions shall not affect the validity of the remaining provisions.

  • Nullity of one or several clauses stipulated by this agreement does not influence the agreement as a whole nor causes nullity of any other clauses.

  • With respect to the Pending Oppositions and Nullity Actions Clauses 8.1 and 8.2 shall apply mutatis mutandis.

  • If, however, that Closing occurs on or before the Nullity Date, this Agreement enter into effect simultaneously with the conclusion of that Closing.

  • Each Party shall bear their own legal costs and expenses in relation to the Proceedings and the Bicycle Nullity Actions as well as the drafting, negotiation and implementation of this Settlement and Licence Agreement and any further agreements arising from it.

  • Nullity of a single term of the Contract shall not exempt the Parties from the fulfilment of other terms of the Contract, or bring along nullity of the whole Contract or other terms of the Contract.

  • Nullity of a disposal of assets belonging to the entrusted property shall entail nullity of subsequent disposals of the same assets and those replacing them with no limits.

Related to Nullity

  • Patent Challenge has the meaning set forth in Section 14.2(d).

  • Infringement has the meaning set forth in Section 6.3(a).

  • Allegation means an assertion, complaint, suspicion, or

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • Expungement means the process of destroying dependent adult abuse information.