Glossary entry

Portuguese term or phrase:

Cláusula de Escape

English translation:

Escape Clause

Added to glossary by Lilma Schimmel (X)
Feb 24, 2009 23:27
15 yrs ago
6 viewers *
Portuguese term

Cláusula de Escape

Portuguese to English Bus/Financial Law: Contract(s) Contract
Cláusula de Escape: permite que as partes solicitem revisão das condições contratuais caso ocorram mudanças significativas no Mercado

Proposed translations

+10
9 mins
Selected

Escape Clause

Business Dictionary
Provision in a contract which, under specified conditions, allows a party to withdraw from the agreement or to change its conditions.

http://www.businessdictionary.com/definition/escape-clause.h...

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Note added at 10 mins (2009-02-24 23:37:53 GMT)
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Also called:

market out clause
escape clause sometimes written into firm commitment underwriting agreements which essentially allows the underwriters to be released from their purchase commitment if material adverse developments affect the securities markets generally. It is not common practice for the larger investment banking houses to write "outs" into their agreements, since the value of their commitment is a matter of paramount concern.
Peer comment(s):

agree swisstell
0 min
:)
agree Floriana Leary : Yes I fount it also in wikipedia, this is it : http://en.wikipedia.org/wiki/Escape_clause
22 mins
Thank you, Floriana.
agree Katarina Peters
40 mins
:)
agree Lesley S, MA : Pretty standard in many contracts.
2 hrs
:)
agree Elvira Alves Barry
9 hrs
:)
agree Gilmar Fernandes
16 hrs
:)
agree Clayton Causey
17 hrs
:)
agree Paul Dixon : Yes, indeed.
21 hrs
:)
agree Lucia Rodrigues
23 hrs
:)
agree Susana Alves
1 day 13 hrs
:)
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4 KudoZ points awarded for this answer.
22 mins

Get-out Clause

I believe 'Get-out clause' is the terminology you are looking for.

You would normally find a get-out clause in a contract.

Some examples:

Beware the lenders' get-out clause from base rate cuts | Money ...
1 Nov 2008 ... Mortgage lenders may not pass on interest rate cuts and how much homeowners will benefit varies by type of mortgage.
www.guardian.co.uk/money/2008/nov/01/mortgages-property

BBC NEWS | Business | Get-out clause may undermine pension reform
25 May 2006 ... In his foreword to the Pensons Reform White Paper, Tony Blair calls his government's proposals a "bold blueprint." But a get-out clause ...
news.bbc.co.uk/1/hi/business/5016538.stm

Get out Clause My question is what the following sentence means: 'They inserted a get-out clause in my contract exit clause - a clause which Get out Clause.
www.englishforums.com/English/GetOutClause/cmhcg/post.htm
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21 hrs

opt-out clause

Could fit the bill, depending on context.
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