escape clause

Frequency: 6.89.2 per million words

A term in a contract that allows a party to avoid their obligations under certain conditions.

clauseADJECTIVE + NOUN (Legal)

Categories:

escape

Examples (10)

  • Her lawyer insisted on adding an escape clause to the rental agreement.
  • The contract contains an escape clause that allows either party to terminate the deal if certain conditions are met.
  • If the supplier fails to deliver on time, we can invoke the escape clause.
  • Investors were relieved to find an escape clause in the high-risk investment agreement.
  • Without an escape clause, you could be locked into a bad deal for years.
  • The merger was called off when one company triggered the escape clause.
  • Before you sign, you must carefully read the terms of the escape clause.
  • He was looking for a loophole, but the contract had no escape clause.
  • The developer included an escape clause in case they couldn't secure the necessary permits.
  • Is there an escape clause in our agreement that covers political instability?