Sunset Clause

Quelle: https://www.investopedia.com/terms/s/sunset-clause.asp

A sunset clause is a contractual provision that stipulates the expiration or termination of a contract after a specified period or under certain conditions.

Related Terms

You might also be interested in these terms

war clause

A contractual provision in shipping, transport, or insurance contracts that governs or excludes liability, performance, or coverage in case of war or ...

Learn more

exit clause

A contractual provision that allows a party to terminate or exit an agreement under specified conditions, often including notice periods, fees, or oth...

Learn more

Ratchet clause

A ratchet clause is a contractual provision that ensures that price or cost adjustments in a contract can only occur in one direction, typically upwar...

Learn more

strike clause

A strike clause is a contractual provision in logistics, supply chain, or transport contracts that governs performance interruptions or delays caused ...

Learn more

penalty clause

A penalty clause is a contractual provision that imposes a predetermined financial penalty for breach or late performance, intended to deter default a...

Learn more

Lockout clause

A contractual provision that allows one party to suspend performance or terminate obligations under predefined conditions (e.g., breach, non-payment, ...

Learn more