A provision in a contract that allows one or more of the parties to cancel all or part of the contract if certain events do not occur.  For example, a buyer who cannot get approval for financing can cancel the contract if an appropriate escape clause is included in the contract for sale.
Related information about escape clause:
- Escape clause - Wikipedia, the free encyclopedia
 An escape clause is any clause, term or condition in a contract that allows a party   to that contract to avoid having to perform the contract. If an agreement was ...
 
- Escape Clause (TV 1996) - IMDb
 Directed by Brian Trenchard-Smith. With Andrew McCarthy, Paul Sorvino, Connie   Britton, Kate McNeil. A man finds out from a would be killer that his wife has ...
 
- "Twilight Zone" Escape Clause (TV episode 1959) - IMDb
 Directed by Mitchell Leisen. With Rod Serling, David Wayne, Thomas Gomez,   Virginia Christine. A hypochondriac man sells his soul to the devil, exchanging it ...
 
- The Santa Clause 3: The Escape Clause (2006) - IMDb
 Directed by Michael Lembeck. With Tim Allen, Martin Short, Elizabeth Mitchell,   Eric Lloyd. Santa, aka Scott Calvin, is faced with double-duty: how to keep his ...
 
- Escape Clause - Rotten Tomatoes
 Review: This suspenseful thriller originally aired on the Showtime cable network.   Successful insurance executive Richard Ramsay has had a pretty good life...
 
- escape clause - Legal Dictionary - The Free Dictionary
 escape clause n. a provision in a contract which allows one of the parties to be   relieved from (get out of) any obligation if a certain event occurs. Want to thank ...
 
- Escape clause Synonyms, Escape clause Antonyms | Thesaurus.com
 Synonyms for escape clause at Thesaurus.com with free online thesaurus,   antonyms, and definitions. Dictionary and Word of the Day.
 
- The Santa Clause 3: The Escape Clause | Disney Movies
 Scott Calvin faces his most chilling challenge when rival Jack Frost tries to steal   Christmas and put the holiday in a deep freeze!