A provision in a bilateral or multilateral commercial agreement permitting a signatory nation to suspend tariff or other concessions when imports threaten serious harm to its producers of competitive domestic goods GATT Article XIX sanctions such safeguard provisions Section 201 of the U S Trade Act of 1974 requires the U S International Trade Commission to investigate complaints from domestic producers regarding threats from imports
A provision of Article XIX (see appendix Ill) of the General Agreement on Tariffs and Trade (GATT) that allows a country to suspend tariff or other concessions when certain imports injure or threaten to injure domestic producers of competitive goods or services Section 201 of the Trade Act of 1974 (see appendix Il) codifies Article XIX in U S law
a provision in a contract that allows one or more of the parties to cancel all or part of the contract if certain events or situations do or do not happen
A provision allowing one party or more to cancel all or part of the contract if certain events fail to happen, such as the ability of the buyer to obtain financing within a specified period
Provision in a contract that allows one or more of the parties to cancel all or part of the contract if certain events or situations do or do not happen
a clause in a contract that allows one party to avoid performing to the terms of the contract if stated events happen For example, many contracts are reduced or canceled in case of "acts of God," war or strike