Definition of let-out clause in English:
A clause specifying a circumstance in which the terms of an agreement or contract shall not apply.
- I see no value at all in reopening the question whether Mr Sage was telling the solicitors in 1985-6 that the 1975 agreement had binding effect subject to the let-out clause.
- The tribunal had a let-out clause that would have saved North and West's commissioning from competition law even when defined as economic activity.
- There's no rounded definition on how we will reduce tariffs, and then they have the let-out clause which Australia in particular will be damaged by.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.