Sentences with phrase «escalator clause»
An "escalator clause" is a term used when there is an automatic increase or adjustment in a contract or agreement. It means that the clause allows for periodic increases in prices, wages, or other terms based on certain conditions or criteria. Full definition
If this is in the US, tax escalator clauses are not uncommon, but I've never seen someone try to tack on insurance / utility increases.
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The reason major publishers can't offer more than 25 % of net on digital sales is because of escalator clauses in contracts with bestselling authors.
Some separation agreements provide for automatic escalator clauses that eliminate the need for court - ordered modification.
Don't forget that tax escalator clauses are valid in Massachusetts leases.
What are Russ Ball's thoughts on $ 100 million guarantees and escalator clauses?
Also, watch out for «escalator clauses» when evaluating price: these stipulate automatic price increases and are sometimes in the small print of the supplier's terms and conditions.
(6) «We are tearing up the escalator clauses.
Unfortunately, my first six books were published without an agent and, although I think I did a great job on some of the clauses (including an escalator clause), I was sloppy with e-rights because the industry really wasn't there yet.
While there used to be an escalator clause that allowed you to earn up to 90 percent per audiobook depending on your number of sales, Audible discontinued the payment structure in 2014.
There is nothing new in this, but unlike the current poverty income standards, the new income thresholds will have a built - in escalator clause.
Establishes a hard cap of $ 500,000 on noneconomic damages in medical liability cases (the $ 500,000 cap that was passed during a special session in 2002 contained an escalator clause which would have raised the cap to $ 750,000 in 2011 and $ 1 million in 2017).
Don't forget that tax escalator clauses are valid in Massachusetts leases.
Consider an escalator clause: These purchase contract clauses are becoming more popular again.
Even the possibility of an escalator clause situation.
We put our offer in originally at $ 311,000 with $ 5,000 of concessions, but we had an escalator clause (saying we'd pay $ 1000 more than anyone else, this generally works for us, if it gets crazy we can always back out during the inspection period, but I've never done that) which was accepted.
You can add an escalator clause, with which you agree to ratchet up your offer if there's a higher bid from another buyer.
Kyle Hiscock with Remax in Rochester NY, makes the point an escalator clause could offend a seller and cause an emotional response if they see a buyer is willing to pay substantially more but didn't offer that amount.