Any clause, term or condition in a contract that permits a party not have to perform the contract. For example there could be a clause that states a person can pay a certain fee to break the contract.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser