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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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Quillinit
11:57
ah you filed retro W's from classes in UG?
Quillinit
11:58
ah okay, sorry homie that's rough
it's fine i got into one of my top choices so im really happy
Quillinit
11:58
<3 happy for you
getting into cornell is hugeee
ayyyyy
Quillinit
11:59
^^^^^ would love to get into Cornell lmao
Quillinit
11:59
or anywhere!
you got it, believeeee
12:06
@letsseehowitgoesnow: you okay?
12:08
@ KnowledgeableRitzyWasp did u withdraw frm all your classes for two years or just a few? i have 2 W's
12:23
listening to the front bottoms at the gym again ist es over fur mich?
My wife and I saw TFB with manchester orchestra the night before thanksgiving a few years back and it was pretty damn choice
shaquilleoatmeal
12:27
yoo lets dawg what happened, you good?
12:28
breakup
12:28
happens to the best of us
12:28
@UnsuitableMaliciousHedgehog: that’s so fucking sick
rough night and morning with ex :/. we broke up but we live together
shaquilleoatmeal
12:29
damn ;/ it is break up season dawg, i'm sorry you're going through that
12:29
it really is breakup season
shaquilleoatmeal
12:29
i lived with my ex for 3 months after we broke up and it was brutal. If you can move out quicker rather than later
thanks shaq! i just needed some input from people who are looking from the outside in
im gonna pack up my stuff and leave for a few days when i get off work
12:31
sometimes I think about things my ex said and did to me and a year later it still makes me so sad that I ever let myself be treated that way
shaquilleoatmeal
12:32
yee bud clear your head how you need, shit sometimes even just driving with no destination and some sad ass music can get you through this
shaquilleoatmeal
12:32
you grow through what you go through bunny, you know for the next relationship what you deserve
I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol
12:34
gotchu
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