escape clause

noun

Definition of escape clause

: a part of a contract that allows a person to get out of the contract in a particular situation

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“Escape clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/escape%20clause. Accessed 24 Jan. 2022.

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More Definitions for escape clause

escape clause

noun

Legal Definition of escape clause

: 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

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