Hardship Clause
/ˈhɑːrdʃɪp klɔːz/
Definitions
- (n.) A contractual provision allowing renegotiation or termination if unforeseen events make performance excessively onerous.
The hardship clause enabled the parties to adjust the contract terms when economic conditions changed drastically.
Forms
- hardship clause
- hardship clauses
Related terms
See also
Commentary
Hardship clauses protect parties against extreme changes in circumstances; drafters should clearly define triggering events and adjustment mechanisms to reduce disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.