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LSDefine

Simple English definitions for legal terms

escape clause

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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.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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