get-out clause

Definition & Meaning of "get-out clause"in English

get-out clause
01

a provision in a contract or agreement that allows one party to withdraw or terminate the agreement under certain conditions, often to avoid unfavorable circumstances or obligations

InformalInformal
example
Examples
The contract includes a get-out clause if either party fails to meet deadlines.
He used the get-out clause in his lease agreement to leave early without penalty.
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