escape clause - a provision in a contract allowing a party to cancel the contract if some specified contingency is not satisfied. Typical examples in real estate contracts are financing contingencies, inspection contingencies, and clear title contingencies. Properly exercised, the use of an escape clause is not a breach of contract. See also contingency .

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

.
	Copyright Protection:   This real estate web site is created in the United States of America and protected by copyright laws.  Permission should be obtained prior to any reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording or likewise.
.