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Mar 22, 2024 · 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.
Jul 14, 1996 · Escape Clause: Directed by Brian Trenchard-Smith. With Andrew McCarthy, Paul Sorvino, Connie Britton, Kate McNeil. A husband finds out from a mysterious man that his wife paid to have him murdered.
Jan 17, 2024 · What does the VA Escape Clause do? In the event the reasonable value established by VA is less than the contracted purchase price, the VA Escape Clause provides a mechanism for the Veteran buyer to: negotiate with the seller to reduce the purchase price, or.
An escape clause is a contractual provision that absolves one party to the contract of performance under specific conditions. An escape clause relieves one party of liability for nonperformance if certain conditions are met. Insurance policies frequently contain escape clauses.
Jan 1, 2024 · What Is an Escape Clause? In terms of labor laws, escape clauses are provisions included in member union contracts that allow members to exploit an "escape period," which is a period of time in which they may choose to leave the union without repercussions.
Feb 22, 2024 · Delve into the intricate world of 'Escape Clauses' with our comprehensive article. Understand their critical role in contracts and legal protection. Escape clauses in contracts act as safety nets, offering flexibility and risk mitigation when unforeseen events strike.
A section of a contract allowing a participant to avoid a commitment if a specific instance arises. How to use "escape clause" in a sentence. The construction contract included an escape clause in case of natural disasters. Because of the escape clause, they could exit the agreement if sales declined.
