Legal Definition and Related Resources of Escalator Clause

A clause in a contract that stipulates the increase, under certain conditions, of amounts to become due under the contract. The most common contracts containing escalator clauses are leases and wage settlement contracts. A lease may provide for increase in rents, proportionate to the increase in the cost of living index; may provide that the lessee will have to pay higher amounts for realty taxes annually, as the realty taxes increase every year. A wage settlement contract negotiated by workers union with the management may provide for increase in wages each year relative to the cost of living index.

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Escalator Clause in Historical Law

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Search for legal acronyms and/or abbreviations containing Escalator Clause in the Legal Abbreviations and Acronyms Dictionary.

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Escalator Clause in the context of Real Property

See: Escalation Clause in this legal Dictionary.

Escalator Clause in the context of Real Property

See: Escalation Clause in this legal Dictionary.