The Real Estate Encyclopedia
What Is An Escape Clause?
Category - Home Selling Questions - General Home Selling FAQ's

An escape clause is a provision under the sales contract relieving one of the parties (buyer or seller) of liability for failure to perform.  For example, if a contingency in the contract allows the party to cancel the contract for no reason whatsoever, there really is no enforceable contract, for mutuality of obligation is lacking. 

Home Buying Questions - Buying Legal & Closing FAQ's
Home Buying Questions - General Home Buying FAQ's
Home Selling Questions - General Home Selling FAQ's
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