A/An _____ clause allows the buyer (and possibly the supplier) to terminate the contract if either side fails to live up to contractual requirements.
A)penalty
B)evergreen
C)systems contract
D)time and materials
E)escape

Question

Quizplus · Accepted Answer

An "escape clause" allows the buyer (and possibly the supplier) to terminate the contract if either side fails to live up to contractual requirements. Penalty clauses impose a financial penalty for breaching the contract. Evergreen contracts renew automatically unless terminated by one party. Systems contracts involve ongoing maintenance and support for a product or service. Time and materials contracts pay for the actual time and resources used by the supplier.

A/An _____ Clause Allows the Buyer (And Possibly the Supplier)