Common use of Conflict with Existing Law Clause in Contracts

Conflict with Existing Law. GRANTEE and GRANTOR agree that if any provision of this GRANT AGREEMENT is found to be illegal or unenforceable, such term or provision shall be deemed stricken and the remainder of the GRANT AGREEMENT shall remain in full force and effect. Either PARTY having knowledge of such term or provisions shall promptly inform the other of the presumed non-applicability of such provision. Should the offending provision go to the heart of the GRANT AGREEMENT, the GRANT AGREEMENT shall be terminated in a manner commensurate with interests of both PARTIES to the maximum extent reasonable.

Appears in 3 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement