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escape clause
noun
- a provision in a contract that enables a party to terminate contractual obligations in specified circumstances.
escape clause
noun
- a clause in a contract freeing one of the parties from his obligations in certain circumstances
Word History and Origins
Origin of escape clause1
Example Sentences
The agreement intended to bind the Athletics to Las Vegas provides the team with an unusual escape clause: If ever a tax is aimed at the A’s, the team can leave town without penalty.
However, the agreement intended to bind the A’s to Las Vegas provides the team with an unusual escape clause: If ever a tax is aimed at the A’s, the team can leave town without penalty.
But there’s an escape clause written into the deal: Trump can seek a waiver of the lockup from the post-merger board.
It did have an escape clause that allowed the US to nix the deal if Afghan peace talks failed.
There was only one problem: The deal spanned 12 years and had no escape clause late in the term, according to a source.
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