escape clause

Englisch - Türkisch

Definition von escape clause im Englisch Türkisch wörterbuch: (Ticaret) cayma şartı; (Ticaret) şarttan korunma klozu; (Ticaret) kaçınma hükmü; şarttan sakınma hakkı; (Kanun) cayma maddesi; (Kanun) cayma klozu

Englisch - Englisch

Definition von escape clause im Englisch Englisch wörterbuch: Any clause, term or condition in a contract that allows a party to that contract to avoid having to perform the contract or cancel it; 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 clause in a contract that specifies the conditions under which the promisor is relieved of liability for failure to meet the terms of the contract; stipulation in a contract enabling one party to extricate itself; 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; A clause in an SQL statement; 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; Any provision in a contract that allows one or more parties to end the contract upon the occurrence of certain events