An escape clause is any clause, term, or condition in a contract that allows a party to that contract to avoid having to perform its obligations under the contract. If an agreement was drawn up for the sale of a house, for example, the purchaser could include some kind of escape clause in the contract, which will allow him to "escape" from the contract without being liable for breach of contract.
An escape clause is any clause, term, or condition in a contract that allows a party to that contract to avoid having to perform its obligations under the contract. If an agreement was drawn up for the sale of a house, for example, the purchaser could include some kind of escape clause in the contract, which will allow him to "escape" from the contract without being liable for breach of contract.
Source: Wikipedia "Escape clause" · CC BY-SA 4.0
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