cancellation clause in English
condition in a contract allowing either party to terminate the contract
Use "cancellation clause" in a sentence
Below are sample sentences containing the word "cancellation clause" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "cancellation clause", or refer to the context using the word "cancellation clause" in the English Dictionary.
1. 77 Schneider’s claim that it had abandoned its right to invoke the cancellation clause in the transfer agreement only because it already knew that the Commission would adopt a decision prohibiting the transaction in practice is equally irrelevant.
2. 72 However, by letter of 2 December 2002, Schneider informed the Commission of its decision to complete the sale of Legrand to the Wendel/KKR consortium, thereby abandoning its right to invoke the cancellation clause in the transfer agreement.