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Escalator clause

Term · Law · MLC-T-LAW-001907

A provision in a contract that allows for adjustments to prices, wages, or other financial terms based on changes in specified external factors. These factors often include inflation rates, cost of living indices, or material costs. Such clauses are common in long-term contracts, leases, and collective bargaining agreements to account for economic fluctuations.

Table 1. Record
IdentifierMLC-T-LAW-001907
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001907",
  "term": "Escalator clause",
  "field": "Law",
  "definition": "A provision in a contract that allows for adjustments to prices, wages, or other financial terms based on changes in specified external factors. These factors often include inflation rates, cost of living indices, or material costs. Such clauses are common in long-term contracts, leases, and collective bargaining agreements to account for economic fluctuations.",
  "url": "https://mlchart.com/terminology/law/escalator-clause/"
}

Record 1,797 of 5,439 in Law terminology (MLC-0107). Request the full dataset.