release clause
Buyout contract provision
A release clause is a contract provision allowing one party to exit the agreement under specified conditions.
In employment contracts, especially professional sports, it sets a price at which a player can leave for another team: His release clause was set at fifty million euros.
In real estate, a release clause lets a seller remove individual parcels from a blanket mortgage as they're sold.
In publishing, it may specify when rights revert to an author.
- buyoutPurchase of controlling interest
- contractEnforceable written agreement
- contract negotiationDiscussing terms before signing
- escapeFlight from captivity
- opt outDecline to participate
termination · transfer · transfer fee · fee · free agent · negotiation · freedom · exit · obligation · legal obligation · waiver · penalty · soccer · player · agent · binding · trigger · activation
- contract clausesforce majeure, dispute resolution, boilerplate, provision, severability
- transferstransfer, money transfer, bank transfer, wire transfer, fund transfer
- loan termsunsecured loans, interest rate, loan term, short-term, secured loans
release clausenon-compete clause
Employment contract work limitation
golden handcuffs · restrictive covenant · binding agreement · no-trade clause · buyout clause
release clauseautomatic renewal
Subscription that perpetuates itself
release, clause, releases, released, releasing, releaser, clauses, lease, leases