escape clauses
Legal way out
Escape clauses are provisions in contracts or agreements that allow a party to avoid obligations under specified circumstances.
Insurance policies include escape clauses limiting coverage.
Treaties may have escape clauses permitting withdrawal.
The term extends to any built-in exception that provides a way out: The deal looked airtight, but his lawyers found an escape clause.
Choose not to participate
- modificationAct of altering something
- renegotiationRevising agreed terms
- adjustmentAlteration to improve fit
- exceptionDeviation from standard
carve-out · workaround · leeway · latitude · accommodation · conditions · caveats · reservations
Enforceable written agreement
- terminationAct of ending something
- liabilityLegal or financial obligation
- breachBreaking of agreement
- amendmentChange to official text
rescission · nullification · stipulation · enforceability · indemnity · arbitration · mediation · settlement
Precaution against harm
- backstopBarrier behind target area
- safety netProtection against failure
- insuranceContractual risk coverage
- bufferProtective intermediate space
precaution · shield · cover · fallback · hedge · protection · out · exit strategy
opt-out
Choose not to participate
- modificationAct of altering something
- renegotiationRevising agreed terms
- adjustmentAlteration to improve fit
exception · carve-out · workaround · leeway · latitude · accommodation · conditions · caveats · reservations · limitations
contract
Enforceable written agreement
- terminationAct of ending something
- liabilityLegal or financial obligation
- breachBreaking of agreement
amendment · rescission · nullification · stipulation · enforceability · indemnity · arbitration · mediation · settlement · jurisdiction
safeguard
Precaution against harm
- backstopBarrier behind target area
- safety netProtection against failure
- insuranceContractual risk coverage
buffer · precaution · shield · cover · fallback · hedge · protection · out · exit strategy · bailout
- fine printfine print, small print, disclaimer, disclaimers, terms
- conflict of lawsapplicable law, characterization, characterisation, comity, vested rights
- loopholesexemptions, gray areas, technicalities, workarounds, carve-outs