from The American Heritage® Dictionary of the English Language, 4th Edition
- n. 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.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. 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.
Sorry, no etymologies found.