An escalator clause ensures that the customer does not incur financial hardship as a result of increases to the cost of a product.

Name: An escalator clause ensures that the customer does not incur financial hardship as a result of increases to the cost of a product.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

An escalator clause is typically used in contracts to adjust prices based on changes in certain costs or economic indicators, such as inflation, not specifically to prevent financial hardship for the customer.

An Escalator Clause Ensures That the Customer Does Not Incur