A contract provision that gives the right to terminate obligations upon the occurrence of specified conditions or events.
A clause in a loan agreement that allows a lender to ask for the outstanding balance at any time.
The provision in a policy that explains the conditions and terms to be complied with for the termination of a contract. Usually applied to the termination of a policy before its natural expiration, but may be used to describe the ending of any contract during its natural life, such as an agent's contract.
A clause that may be included in a lease granting the Lessor or the Lessee the right to terminate the lease term upon the happening of certain stated events or occurrences by the payment from one party to the other of definite amounts of money as consideration.
(1) Provision in a contract which outlines penalties if cancellation occurs, for both parties for failure to comply with terms of the agreement. (2) (Entertainment) Provision with artist's contract which allows artist to cancel within a specified period of time prior to play date.
A clause in a lease or other contract, setting forth the conditions under which each party may cancel or terminate the agreement. The conditions may be as simples as giving notice or complex and require payment by the party desiring to cancel.
A clause that details the conditions under which parties can terminate the agreement.
A provision in a lease that confers upon one or both of the parties to the lease the right to terminate the lease upon the occurrence of the condition or contingency set forth in the said clause.
A clause in a reservation agreement which defines when a reservation can be cancelled without losing a deposit or being charged.
A mortgage provision that details how the interested parties may cancel the document.
a provision that specifies the conditions under which a buyer and seller would mutually agree to terminate an agreement.
It refers to a condition of the contract whereby the insurer or the insured can cancel a policy before its expiration date.
The terms in a contract that spells out the conditions under which one party or the other may cancel the deal.
A clause that explains under what terms or conditions a party may terminate a contract.
A clause that may be included in a lease, granting the lessor or the lessee the right to terminate the lease term upon the happening of certain stated events or occurrences upon notification and in most cases consideration.
A clause in a bond which permits the surety to terminate its future liability by serving written notice upon the obligee.
The clause in a Terms and Conditions Agreement detailing the subscriber's cancellation obligations.
A contract provision that grants the right to terminate one or more obligations under the contract upon the occurrence of specified events.
A provision in an insurance contract that permits the insurer or the insured to cancel a policy at any time before its expiration date.
A clause in a bond which terminates the surety's future liability
A clause that details the conditions under which each party may terminate the agreement.
Item in a contract that specifies damages which apply if either party terminates the agreement.
Provision in a contract that gives one or more parties the right to terminate the contract if a specific event occurs.
A provision in a contract (e.g. lease) that confers the ability of one in the lease to terminate the party's obligations. The grounds and ability to cancel are usually specified in the lease.
In a lease or other contract, a provision detailing conditions under which each party may terminate the agreement.
the clause in a policy which allows one party to cancel the contract following due notice to the other.
The details in a lease, or other contract, under which each party may terminate the agreement.
A provision in a lease or other contract that spells out under what conditions the parties can call off the deal.
A provision in an insurance contract that permits an insurance company or insured to cancel a policy at any time before its expiration date.
clause that explains the conditions under which a party may terminate an agreement.