escape clause


escape clause
a provision in a contract that enables a party to terminate contractual obligations in specified circumstances.
[1940-45]

* * *

noun, pl ⋯ clauses [count]
: a part of a contract that allows you to get out of the contract in a particular situation

* * *

esˈcape clause 7 [escape clause] noun
a part of a contract which states the conditions under which the contract may be broken

Useful english dictionary. 2012.

Look at other dictionaries:

  • escape clause — n: a clause in a contract that allows a party to avoid liability under the contract for specified reasons; esp: a provision in an insurance policy that denies coverage when other insurance covers the risk Merriam Webster’s Dictionary of Law.… …   Law dictionary

  • escape clause — ➔ clause * * * escape clause UK US noun [C] ► COMMERCE, LAW a statement in a contract that allows you to break all or part of the contract under particular conditions …   Financial and business terms

  • escape clause — ► NOUN ▪ a clause in a contract which specifies the conditions under which one party can be freed from an obligation …   English terms dictionary

  • escape-clause — index dispensation (exception) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • escape clause — escape′ clause n. bus a provision in a contract that enables a party to terminate contractual obligations in specified circumstances • Etymology: 1940–45 …   From formal English to slang

  • Escape clause — An escape clause is any clause, term or condition in a contract that allows a party to that contract to avoid having to perform the contract (also often referred to as a Natalie Clause).If an agreement was drawn up for the sale of a house, for… …   Wikipedia

  • Escape Clause — Infobox Television episode Title = Escape Clause Series = The Twilight Zone Caption = David Wayne in Escape Clause Season = 1 Episode = 6 Airdate = November 6, 1959 Production = 173 3603 Writer = Rod Sterling Director = Mitchell Leisen Guests =… …   Wikipedia

  • Escape Clause — Filmdaten Deutscher Titel Escape Clause – Tödliche Rache Originaltitel Escape Clause …   Deutsch Wikipedia

  • escape clause — UK / US noun [countable] Word forms escape clause : singular escape clause plural escape clauses legal a statement in a contract that allows you to avoid doing something that the contract is intended to make you do …   English dictionary

  • escape clause — A clause in the lease of a tenant stockholder in a cooperative apartment which permits him to assign his stock and lease to the cooperative association without receiving compensation therefor but enabling him to escape continuing liability to the …   Ballentine's law dictionary


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