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escape clause

 - 3 dictionary results

escape clause

 
Use escape clause in a Sentence
–noun
a provision in a contract that enables a party to terminate contractual obligations in specified circumstances.
Origin:
1940–45
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To escape clause
escape clause  
n.  A clause in a contract that specifies the conditions under which the promisor is relieved of liability for failure to meet the terms of the contract.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: escape clause
Function: noun
: a clause in a contract that allows a party to avoid liability under the contract for specified reasons; especially : a provision in an insurance policy that denies coverage when other insurance covers the risk
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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