escape clause


Also found in: Legal, Financial, Wikipedia.

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.

escape clause

n
(Industrial Relations & HR Terms) a clause in a contract freeing one of the parties from his obligations in certain circumstances

escape′ clause`


n.
a provision in a contract that enables a party to terminate contractual obligations in specified circumstances.
[1940–45]
Translations

escape clause

n (in agreement) → clausola liberatoria
Mentioned in ?
References in periodicals archive ?
The Blues have struck a deal for the Portugal playmaker - following a successful loan spell at Goodison Park last term - which is significantly less than the value of his escape clause.
I understand the 'Agreement' does NOT include an 'escape clause' which most treaties do.
"The Santa Clause 3: The Escape Clause"- 12:10 p.m.
She added: "We also run Escape Clause, who ran very well when second at Naas last time.
PS: TO miss out on one escape clause transfer target is careless.
The club fast-tracked him to the senior ranks, and they were so keen to keep the midfielder - or at least ensure a big payday if he were to be lured away from the Estadio de la Luz - that they gave him a contract last November with an escape clause of PS35m.
Cardiff's Premier League relegation has seen QPR take advantage of an escape clause in centre-back Caulker's contract.
Meanwhile, the report also said that Wenger's No1 midfield target is Schalke's Julian Draxler but Wenger refused last month to meet the player's 37 million-pound escape clause as he believes Barry can do a job next season, especially with no fee involved.
The 28-year-old Londoner, who joined the club from Sheffield in 2008, has followed captain Scott Murrell's example by having the Super League escape clause - a standard feature of most high-profile Championship contracts - removed from his new deal.
Berlusconi may have another escape clause: the Court of Cassation is due to rule by June on another appeal brought forward by his defence on a point of technicality that - if successful - may require the first instance trial to start again.
But town hall chiefs will now activate an escape clause that will see 140 staff transferred back to the council.
But town hall chiefs are to now activate an escape clause which will see up to 140 staff transferred back to the council.