Provision in an agreement where some trigger will cause for an increase in the amount owed and escalates the amount due, e.g. a cost of living index.
Home »
Law Dictionary » E » ESCALATOR CLAUSE
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Provision in an agreement where some trigger will cause for an increase in the amount owed and escalates the amount due, e.g. a cost of living index.