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escape clause |
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escape clause A clause that allows one party or the other to cancel a contract without penalty upon the happening of certain described events or conditions.The most common ones in real estate are the ability to cancel a purchase contract if the buyer cannot secure acceptable financing or if the buyer cannot sell his or her own home. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The question now is whether Bigbie, who has an escape clause in his contract if another club comes calling with a major-league contract, will soon be history, too. I often wondered how long I would "make it," a little voice inside telling me I was "doing my time," like a stint in the missions, but that I could leave anytime since there was an unwritten escape clause in my contract with myself. 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. |
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