(redirected from Savings Clauses)
Also found in: Legal, Financial.


 (sĕv′ər-ə-bəl, sĕv′rə-)
1. Capable of being severed or separated.
2. Law Capable of being separated into legally distinct rights or obligations that can be enforced independently, as in a contract where not all promises must be performed before legal action can be taken to enforce some portion.

sev′er·a·bil′i·ty n.


(Law) law capability of being separated, as of a clause in an agreement
References in periodicals archive ?
75) Unless well-drawn savings clauses were included, congressional legislation could expose the patchwork quilt of state-level RPS to preemption challenges.
The Cheswick court analyzed both field and conflict preemption within the context of whether the CAA preempted state tort claims against an in-state source and determined that two savings clauses in the CAA evince Congressional intent to reserve the right to sue under state common law.
In 1986, the IRS issued a revenue ruling (21) addressing impermissible formula clauses in the nature of savings clauses.
It may be worth considering a reinterpretation of the preemption or savings clauses in order to allow such insurance regulations to survive, but those laws are much less common than laws forbidding discretionary clauses, so the majority of state regulation of discretionary clauses will survive preemption.
There is little caselaw prior to 2004 addressing the relationship between antitrust and regulatory statutes that contain savings clauses expressly preserving antitrust enforcement.
Perhaps more important to latitude and incentives for innovation are the CAA's savings clauses and floor preemption strategies.
Council leader Phil Fowlie said: "In principle, the council and the Crown Estate, as landowners, should have the right to call upon the savings clauses to develop their land.
Eugene and Springfield councilors and Lane County commissioners discuss savings clauses, revision of metro plan to allow replacement of temporary Interstate 5 Glenwood bridge.
34) In 2000, the Supreme Court in Locke revisited the subject of PWSA preemption attempting to reconcile the seemingly contradictory OPA savings clauses with PWSA.
Savings clauses are included in documents to prevent an adverse result that otherwise might arise.