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LSDefine

Simple English definitions for legal terms

escape clause

Read a random definition: rule of 78

A quick definition of escape clause:

An escape clause is a part of a contract that lets one person off the hook if certain things happen. For example, if you buy insurance and there's another insurance policy that could cover the same thing, the insurance company might use an escape clause to avoid paying out. It's like a way out of the contract if something unexpected happens.

A more thorough explanation:

An escape clause is a part of a contract that excuses one party from fulfilling their obligations under certain circumstances. This means that if certain conditions are met, one party can avoid liability for not fulfilling their part of the agreement.

For example, insurance policies often have escape clauses. One common type of escape clause in insurance policies is the "other insurance clause." This clause allows the insurance company to avoid liability if there is another insurance policy that covers the same claim. This means that if a person has two insurance policies that cover the same thing, the insurance company can use the other insurance clause to avoid paying out the claim.

Another example of an escape clause is a contingency clause in a real estate contract. This clause allows a buyer to back out of a contract if certain conditions are not met, such as the seller not being able to provide clear title to the property.

Overall, an escape clause is a way for one party to protect themselves from liability if certain conditions are not met. It is important to read and understand any escape clauses in a contract before signing it.

escalator clause | escheat

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yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
^^^^ truuuuuu
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
22:32
personally i think taste of thai is better than taste of thai express but thats just me
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
damn im so hungry all i had today was a curry tonkatsu and buldak
and it was a lil baby noodle cup
vvv hungry
22:36
curry tonkatsu so yummeh
22:36
whats even open rn? pizza?
CTB is it i think
22:37
is collegetown pizza not open
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
i've been away for a while what were the most recent waves? any this week?
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