escape provision
An escape provision allows a contracting party to avoid a limitation on the other party's liability by paying an additional fee.
escape provision
An escape provision allows a contracting party to avoid a limitation on the other party's liability by paying an additional fee.
Additional Information
The extra fee may be used to purchase insurance to cover the additional risk or to finance the retention of the risk. It can be found sometimes embedded in a limitation of liability provision in a standard commercial contract form.
