severance definition

severance

Separating the offending part(s) of a void contract or voidable contract and discarding them to save the remaining contract from total invalidity. See also severance of contract.

Cutting short of an employment contract.

severance is in the Agreements & Contracts and HR, Teams, & Training subjects.

severance appears in the definitions of the following terms: voidable contract, golden handshake, carveout, severance of contract and void contract

severance appears in these other terms: severance pay, words of severance

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