escape clause


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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.

References in periodicals archive ?
The Germany midfielder (above) has seen how Liverpool rebuffed Barcelona's attempts to buy Philippe Coutinho and the Brazilian does not have an escape clause in his contract.
Sweet Sounds, two from two last season and third in the Naas race in which Escape Clause finished second on her reappearance last month, represents Ger Lyons, while Joseph O'Brien is two-handed with Eagle Spirit and Remember The Days.
uk, Arsenal believed they had triggered an escape clause in the Uruguayan's previous contract when they offered 40,000,001 pounds for him in the summer but Liverpool said their understanding with Suarez was not contractual.
On the other hand, Dodgers general manager Ned Colletti has always been a proponent of "inventory," meaning trying to avoid losing a player whenever possible, and the Dodgers could send Castro down for now without losing him because his escape clause doesn't kick in until June 30.
Crammed full of more sugar than a family pack of Christmas candy canes, The Santa Clause 3: The Escape Clause boasts more mawkish, yuletide fun with Tim Allen and co.
Tim Allen is back as the hero dad who transforms into Father Christmas in Santa Clause 3: The Escape Clause.
The contract of sale should have an "out" or an escape clause which allows you an exit strategy in the event that you cannot resell the deal.
And he has revealed none of Albion's squad has an escape clause should they fail to hold on to their top flight position.
5m a year to join them and an escape clause if they fail to qualify for the Champions League.
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.
Pompey boss Harry Redknapp raided relegated Leicester City with a pounds 100,000 bid for the left-back which activated an escape clause in Thatcher's contract.
Three trade laws exist for firms and industries looking to fight "casting dumping"--Antidumping and Countervailing Duties and the Escape Clause (Section 201).