What is the legal term given to a clause that allows the parties to reopen negotiations or terminate the contract if specified events occur?
A) a condition precedent
B) an implied term
C) an entire contract clause
D) an exemption clause

Question

Quizplus · Accepted Answer

A clause that allows the parties to reopen negotiations or terminate the contract if specified events occur is known as a condition precedent.

What Is the Legal Term Given to a Clause That