n. a provision in a contract which allows one of the parties to b...

A condition in a contract which allows the contract to be broken in particular circumstances.

A provision in a contract that allows one of the parties to be excused from an obligation if a certain event occurs.

1. The portion of a legal text that permits departure from its provisions in the event of specified adverse circumstances. 2. The U.S. statute (section 201, 1974 trade act) that permits imports to be [..]

Definition A provision in a contract that allows one or more of the parties to cancel all or part of the contract if certain events do not occur. For example, a buyer who cannot get approval for finan [..]

A clause in a legal contract specifying conditions under which one of the parties is relieved of liability for failure to meet the terms of the agreement.

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 ...

A provision allowing one party or more to cancel all or part of the contract if certain events fail to happen, such as the ability of the buyer to obtain financing within a specified period.

Generally, an escape clause is a contractual provision that allows nonperformance of the contract upon the occurrence of a specified condition. In labor law, an escape clause is a provision in mainten [..]

The escape clause, which can be invoked under GATT Article XIX, allows countries to temporarily violate their GATT obligations to the degree and time necessary to protect a domestic industry from seri [..]

A provision within the GATT (Article XIX) that allows a country try to suspend tariff or other concessions when certain imports injure or threaten to injure domestic producers of competitive goods or [..]

n. a provision in a contract which allows one of the parties to be relieved from (get out of) any obligation if a certain event occurs.

1. A provision in a bilateral or multilateral commercial agreement permitting a signatory nation to change their obligations when imports threaten serious harm to the producers of competitive domestic goods.2. A provision in a contract or other document permitting parties to avoid liability for nonperformance under certain conditions.

(figuratively) Any clause, term or condition in a contract that allows a party to that contract to avoid having to perform the contract or cancel it.