Technology Terms Glossary
What is Escalator Clause?
An escalator or escalation clause refers to a provision that triggers an increase in prices or wages. These clauses are part of the contracts and become activated when parties meet specific conditions. The condition can be inflation rate or cost of living. People leverage escalator clauses to opt for long-term and extensive contracts.
With an escalator clause, individuals also don’t have to worry about future market growth. Essentially, escalator clauses ensure wage increase so long as there is a specific change in inflation. Simultaneously, it protects landlords who may miss out on high rental payments.
Escalator Clause Benefits
Some of the benefits of the Escalator Clause include:
- Pro 1: Effective way to forward an offer
- Pro 2: escalation clauses can be different for different sellers
- Pro 3: an objective strategy to stay relevant
Here is a full article about the escalator clause.
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"Awesome work, really put my mind at ease during a contract dispute with a major company."
Sean F.
Mr. Foo represents clients on various employment matters, including wage and hour issues (i.e., overtime and minimum wage claims) as well as preparation of employment documents such as handbooks, employment contracts, and general workplace policies and procedures. Mr. Foo is admitted to practice in the U.S. Eleventh Circuit Court of Appeals, U.S. District Courts for the Middle and Southern Districts of Florida, and all state courts in Florida.
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I am a business law attorney, a business and entrepreneurship coach, and a small business owner. As an attorney, I have handled a wide range of business-related matters, including disputes involving construction, employment, intellectual property, landlord-tenant, ownership interest, professional licensure, and real estate. I am skilled at drafting demand letters and settlement agreements, as well as negotiating business buyouts, purchases, and sales. My special interests include: - employee handbooks; - independent contractor agreements; - protective/restrictive covenants (such as confidentiality agreements/non-disclosure agreements, non-competition agreements, and non-solicitation agreements); and -severance agreements. *** Any reference to a "FREE consultation" is for "Discovery Call" (legal information and/or information about my services). [All calls by appointment only.]
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