Financial Agreements

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August 25, 2024 3 min read Definitions
Escalator Clause: Dynamic Cost Adjustment in Contracts
Legal Terms Contracts Financial Agreements Escalator Clause Employment Contracts Lease Agreements Cost Adjustment Inflation
An escalator clause is a provision in a contract that allows for the adjustment of costs in response to specific economic conditions. Common in employment and lease agreements, these clauses ensure that wages and payments remain equitable in volatile markets.
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