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escape clause

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

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.



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The question now is whether Bigbie, who has an escape clause in his contract if another club comes calling with a major-league contract, will soon be history, too.
I often wondered how long I would "make it," a little voice inside telling me I was "doing my time," like a stint in the missions, but that I could leave anytime since there was an unwritten escape clause in my contract with myself.
When couples ask to replace the traditional, words with an escape clause, he tells them, "We want people, if they make this kind of commitment, to make it for life.
 
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