escape clause

noun

: a part of a contract that allows a person to get out of the contract in a particular situation

Examples of escape clause in a Sentence

Recent Examples on the Web
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The amendment is only an amendment that allows the IOC to have an escape clause if the United States somehow undermines it with the world anti-doping code. Bruce Haring, Deadline, 25 July 2024 However, the agreement intended to bind the A’s to Las Vegas provides the team with an unusual escape clause: If ever a tax is aimed at the A’s, the team can leave town without penalty. Bill Shaikin, Los Angeles Times, 24 May 2024 But there’s an escape clause written into the deal: Trump can seek a waiver of the lockup from the post-merger board. Michael Hiltzik, Los Angeles Times, 22 Mar. 2024 There was only one problem: The deal spanned 12 years and had no escape clause late in the term, according to a source. Jon Wilner | , oregonlive, 5 Aug. 2023 These private sales of SOL are a potential legal escape clause, as Bloomberg’s Matt Levine described them last week. Ben Weiss, Fortune Crypto, 13 June 2023 However, a 1996 law provides an escape clause that allows the Treasury Department to continue paying Social Security benefits, even if there is a delay in raising the debt ceiling. Alexis Christoforous, ABC News, 3 May 2023

Dictionary Entries Near escape clause

Cite this Entry

“Escape clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/escape%20clause. Accessed 22 Dec. 2024.

Legal Definition

escape clause

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
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