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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.

escalator clause | escheat

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General chat about the legal profession.
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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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