Cancellation Clause

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Definition: Cancellation Clause

Cancellation Clause
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Full Definition of Cancellation Clause

A contract provision that allows the termination of obligation if certain conditions or events occur. For example, a cancellation clause in a lease can allow the landlord to break the lease if he or she sells the property.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cancellation-clause/
Modern Language Association (MLA):
Cancellation Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/cancellation-clause/.
Chicago Manual of Style (CMS):
Cancellation Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cancellation-clause/ (accessed: April 19, 2024).
American Psychological Association (APA):
Cancellation Clause. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cancellation-clause/

Definition Sources

Definitions for Cancellation Clause are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.