Assignment clause
The''Force majeure'' clause
A '' force majeure'' clause is designed to protect against failures to perform contractual obligations caused by unavoidable events beyond a party’s control, such as natural disasters. ''Force majeure'' clauses are primarily used to identify circumstances in which performance of contract may be forgiven.International Commercial Agreements: A Primer on Drafting, Negotiating, and Resolving Disputes, William F. Fox Kluwer Law International, 2009 - p. 420 An example: GUMBER & PARTNERS SOLICITORS shall in no event be responsible for any delay or failure in performance resulting from circumstances beyond its reasonable control.Arbitration clause
A specific boilerplate clause which is stated to forgo taking any dispute that may arise to court. Parties to the contract are to refer the dispute to an arbitrator to reach out-of-court settlement. An example: In the event a dispute shall arise between the parties hereto, it is hereby agreed that the dispute shall be referred to International Chamber of Commerce and settled by three arbitrators. The arbitrators' decision shall be final and binding.Severability clause
Severability clause provides that in the event of one or more provisions of the contract are determined to be unenforceable, the rest of the contract remains in force. An example: This Agreement will be enforced to the fullest extent permitted by applicable law. If for any reason any term or provision of this Agreement is held to be invalid or unenforceable to any extent, then (a) such term or provision will be interpreted, construed, or reformed to the extent reasonably required to render the same valid, enforceable, and consistent with the original intent underlying such provision; (b) such term or provision will remain in effect to the extent that it is not invalid or unenforceable; and (c) such invalidity or unenforceability will not affect any other term or provision of this Agreement.References
{{reflist English law Informal legal terminology Practice of law