Market Flexibility
/ˈmɑːrkɪt flɛksɪˈbɪləti/
Definitions
- (n.) The legal principle or contractual provision allowing parties to adjust terms or conditions in response to changing market conditions.
The contract included a market flexibility clause to accommodate price fluctuations.
Forms
- market flexibility
Related terms
See also
Commentary
Market flexibility clauses are often key in commercial contracts to allocate risk arising from unforeseen economic changes.
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.