escape clause


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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
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References in periodicals archive ?
EMRE CAN'S contract talks with Liverpool have hit an impasse over his demands for an escape clause.
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.
London, Jan 5 ( ANI ): Liverpool striker Luis Suarez has a 70 million-pound escape clause in his new 200,000-pound-a-week contract with the club, under which he could stay in Anfield until 2018 just before Christmas.
It was such lop-sided negotiations - a huge wage and a written escape clause - that made Everton's David Moyes pull the plug on his talks after Ba had left West Ham.
But town hall chiefs are to now activate an escape clause which will see up to 140 staff transferred back to the council.
ROONEY could still leave Manchester United as early as next summer after insisting on an ESCAPE CLAUSE in his new contract.
It stinks, Aiden, especially if your wee "victory" encourages other ignorant road piggies to crawl out of their motorised styes to try to find a legal escape clause.
My whole goal was to make it hard for them to say no," said Mientkiewicz, who will exercise the escape clause in his minor-league contract if he doesn't make the club.
Tim Allen returns as the man who has to juggle his family life with his secret role as Father Christmas in Santa Clause 3: The Escape Clause (U).
but subtlety allows you an escape clause in case he isn't ready to announce that his feelings are mutual.