Phrases with «escalation clause»

An escalation clause refers to a contract provision that allows the price or terms of an agreement to increase if certain conditions are met. Essentially, it means that if a specific situation occurs, such as rising costs or competition, the parties involved agreed to adjust the original agreement accordingly. Full definition

escalation clause

Sentences with «escalation clause»

The podcast considers how parties can agree to an ADR process in addition to or alongside arbitration (looking at approaches in different jurisdictions and under different arbitral institutional rules), before turning to the complexities of drafting escalation clauses in contracts. (hsfnotes.com)
Leaving aside the issue of privacy, let's explore the bigger problem with escalation clauses which is that they make the risks of the blind auction, which already features perverse incentives that may tempt an unethical agent to cheat, even stronger - to phantom offers, RECO has just added the heightened risk of phantom prices. (movesmartly.com)
Yet the Real Estate Council of Ontario (RECO) recently issued a bulletin stating that while they do not endorse the use of escalation clauses, they are not illegal. (remonline.com)
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Phrases with «escalation clause»

Sentences with «escalation clause»

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