Legal dictionary
Escalation clause
A provision that usually appears in a contract or lease, which provides for an increase in the money to be paid under certain conditions. They frequently appear in business contracts to raise prices if an individual providing a particular service or product is forced to pay more for labour or materials.
Disclaimer
This publication is for general information purposes only. It does not purport to provide comprehensive full legal or other advice.
Legal Advice Middle East and the contributors accept no responsibility for losses that may arise from reliance upon information contained in this publication. This publication is intended to give an indication of legal issues upon which you may need advice.
Full legal advice should be taken in due course from a qualified professional when dealing with specific situations.
462