from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun 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.
- noun figuratively Any
clause, termor conditionin a contractthat allows a partyto that contract to avoid having to performthe contract or cancelit.
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