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Simple Note Tip, May 26, 2021

Wednesday, May 26th, 2021

Most Promissory Notes will contain a provision that many note holders don’t truly appreciate the protection it provides. It’s called a Severability Clause.

Here is what the Legal Information Institute, Cornell Law School says:

“A contract provision that keeps the remaining portions of the contract in force should a court declare one or more of its provisions unconstitutional, void, or unenforceable.”

Now you know.

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