A clause in a contract that allows for an increase or a decrease in wages or prices under certain conditions.
More example sentences
- You could try inserting a materials-price escalation clause into contracts.
- None of the contractors protected itself with a price escalation clause.
- The contract price did not contain an escalation clause, although this would have been difficult with the daily fluctuations in livestock prices.
Definition of escalator clause in:
- The British & World English dictionary