Common use of ESCAPE CLAUSE Clause in Contracts

ESCAPE CLAUSE. 1. If current or future stipulations in this contract are not legal or practicable or later lose their legality or practicability, totally or partly, the validity of the other stipulations in this agree- ment is not affected. This also applies if it turns out that the agreement contains deficiencies. 2. Instead of the ineffective or impracticable stipulation or for completion of the deficiency, a suitable arrangement should apply that the parties would have agreed upon if they had thought of the matter at the entering into the agreement. This also applies when the ineffectiveness af- fects the extent of a service or time limit stated in this agreement; in such cases, the agreed service or time limit is replaced by the closest possible legal extent of the service or time limit. 3. If the effect of a stipulation in accordance with the above can only be achieved through agreement on and with consideration for particular formal provisions, the parties will be obli- gated to carry out the required actions and give the necessary statements.