Cannabis Contract Clauses: Severability | Practical Law
Standard Clause that parties in a cannabis-related transaction can include in the underlying agreement to sever invalid, illegal, or unenforceable provisions while preserving the validity of the rest of the contract. This severability clause, sometimes referred to as a savings clause, includes a carve-out for the federal illegality of cannabis and a blue-pencil component allowing for the reformation of the contract. This Standard Clause has integrated notes with important explanations, alternative provisions, and drafting tips.