MLchartDataset catalogue

Escape clause

Term · Law · MLC-T-LAW-001908

A provision in a contract that allows one or both parties to avoid or terminate their obligations under certain specified circumstances. This clause provides an exit strategy if unforeseen events or conditions make performance impractical or undesirable. Common examples include force majeure clauses or contingencies in real estate contracts.

Table 1. Record
IdentifierMLC-T-LAW-001908
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001908",
  "term": "Escape clause",
  "field": "Law",
  "definition": "A provision in a contract that allows one or both parties to avoid or terminate their obligations under certain specified circumstances. This clause provides an exit strategy if unforeseen events or conditions make performance impractical or undesirable. Common examples include force majeure clauses or contingencies in real estate contracts.",
  "url": "https://mlchart.com/terminology/law/escape-clause/"
}

Record 1,798 of 5,441 in Law terminology (MLC-0107). Request the full dataset.