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.