escape clause


escape clause
escape clause n: 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 the risk

Merriam-Webster’s Dictionary of Law. . 1996.

escape clause
index loophole, salvo

Burton's Legal Thesaurus. . 2006


escape clause
n.
A clause in a contract that allows the parties to it to break the contract without penalty if a specified event happens or under specified circumstances.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


escape clause
A provision in a contract that allows one of the parties to be excused from an obligation if a certain event occurs.
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

escape clause
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.

Law dictionary. . 2013.

Look at other dictionaries:

  • escape clause — ➔ clause * * * escape clause UK US noun [C] ► COMMERCE, LAW a statement in a contract that allows you to break all or part of the contract under particular conditions …   Financial and business terms

  • escape clause — ► NOUN ▪ a clause in a contract which specifies the conditions under which one party can be freed from an obligation …   English terms dictionary

  • escape-clause — index dispensation (exception) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • escape clause — escape′ clause n. bus a provision in a contract that enables a party to terminate contractual obligations in specified circumstances • Etymology: 1940–45 …   From formal English to slang

  • Escape clause — An escape clause is any clause, term or condition in a contract that allows a party to that contract to avoid having to perform the contract (also often referred to as a Natalie Clause).If an agreement was drawn up for the sale of a house, for… …   Wikipedia

  • Escape Clause — Infobox Television episode Title = Escape Clause Series = The Twilight Zone Caption = David Wayne in Escape Clause Season = 1 Episode = 6 Airdate = November 6, 1959 Production = 173 3603 Writer = Rod Sterling Director = Mitchell Leisen Guests =… …   Wikipedia

  • Escape Clause — Filmdaten Deutscher Titel Escape Clause – Tödliche Rache Originaltitel Escape Clause …   Deutsch Wikipedia

  • escape clause — UK / US noun [countable] Word forms escape clause : singular escape clause plural escape clauses legal a statement in a contract that allows you to avoid doing something that the contract is intended to make you do …   English dictionary

  • escape clause — a provision in a contract that enables a party to terminate contractual obligations in specified circumstances. [1940 45] * * * noun, pl ⋯ clauses [count] : a part of a contract that allows you to get out of the contract in a particular situation …   Useful english dictionary

  • escape clause — A clause in the lease of a tenant stockholder in a cooperative apartment which permits him to assign his stock and lease to the cooperative association without receiving compensation therefor but enabling him to escape continuing liability to the …   Ballentine's law dictionary


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