- The provision in a contract for the termination thereof by one of the parties, as illustrated in contracts of insurance; a clause in a charter-party whereby the charterer reserves the right to cancel the charter-party if the ship shall fail to arrive on a specified day at a named port ready for cargo. Disney v Furness, Withy & Co. (DC Md) 78 F 810, 814.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
cancellation clause — /ˌkænsə leɪʃ(ə)n klɔ:z/ noun a clause in a contract which states the terms on which the contract may be cancelled … Marketing dictionary in english
cancellation clause — /ˌkænsə leɪʃ(ə)n klɔ:z/ noun a clause in a contract which states the terms on which the contract may be cancelled … Dictionary of banking and finance
cancellation clause — condition in a contract allowing either party to terminate the contract … English contemporary dictionary
cancellation clause — A provision in a contract or lease which permits the parties to cancel or discharge their obligations thereunder … Black's law dictionary
cancellation — An erasure, blotting out, striking out, or crossing out of some portion of a written instrument. Dowling v Gilliland, 286 111 530, 122 NE 70, 3 A T,R 829; the nullification of a contract by agreement of the parties or by one of the parties under… … Ballentine's law dictionary
Cancellation Provision Clause — It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its expiration date. Life insurance policies do not contain cancellation… … Investment dictionary
Incontestability Clause — A clause in most life insurance policies that prevents the provider from voiding coverage due to a misstatement by the insured after a specific amount of time has passed. A typical incontestability clause specifies that a contract will not be… … Investment dictionary
Market Out Clause — A clause in an underwriting agreement allowing the underwriter to cancel the agreement for certain specified reasons without penalty. The most common reason for cancellation is an unexpected change in securities markets that would make it… … Investment dictionary
South African contract law — is essentially a modernised version of the Roman Dutch law of contract,  which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… … Wikipedia
WBBM-TV — Chicago, Illinois Branding CBS 2 HD (general) CBS 2 News (newscasts) Slogan The Heart of Chicago Channels Digital: 12 (VHF) … Wikipedia