cancellation clause

cancellation clause. A contractual provision allowing one or both parties to annul their obligations under certain conditions. — Also termed termination clause. [Cases: Contracts 217, 250. C.J.S. Contracts §§ 436–443, 446, 448–449, 462, 500–501.]

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词条贡献者

译者Peter，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂金融产品相关的法律文件。