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Qu'est-ce (qui) est escalator clause - définition
PORTION OF A CONTRACT WHICH SPECIFIES HOW A PARTY MAY BE PERMITTED TO AVOID FULFILLING ONE OR MORE TERMS
Exit clause; Walk away clause; Contract Escape clause; Termination Clause; Get-out clause; Satisfaction clause
escalator clause
(also escalation clause)
¦ noun a clause in a contract that allows for a rise in wages or prices under certain conditions.
escalator clause
n. a provision in a lease or other agreement in which rent, installment payments or alimony, for example, will increase from time to time when the cost of living index (or a similar gauge) goes up. Often there is a maximum amount of increase ("cap") and seldom is there a provision for reduction if the cost of living goes down or for deflation instead of inflation.
See also: cap
Independent clause
GRAMMATICAL CLAUSE THAT CAN BE A SENTENCE ON ITS OWN
Independent clauses; Main clause; Matrix clause; Principal clause; Main proposition
An independent clause (or main clause) is a clause that can stand by itself as a simple sentence. An independent clause contains a subject and a predicate and makes sense by itself.
Wikipédia
Escape clause
An escape clause is any clause, term, or condition in a contract that allows a party to that contract to avoid having to perform the contract.
If an agreement was drawn up for the sale of a house, for example, the purchaser could include some kind of escape clause in the contract, which will allow him to "escape" from the contract without being liable for breach of contract.
Exemples du corpus de texte pour escalator clause
1. But with an automatic 20 percent escalator clause in the bill that could mean an additional 3 million foreigners will compete with American workers for high–tech jobs in the US during the next 10 years.
2. The original measure would have allowed at least 400,000 workers a year to enter through the program, escalating to as many as 600,000 if the market demanded it. Two hundred thousand is not enough, and then we don‘t have this escalator clause that we believe we need,‘‘ Gutierrez said.