Escalator clause - Escalator clause
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The term "automatic price increase clause" is used in contracts for import and export transactions to allow for a range of contract prices in preparation for fluctuations in prices and foreign exchange rates after the contract is concluded. Source: The Selected Edition of the Japanese Language Dictionary About the Selected Edition of the Japanese Language Dictionary Information |
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〘名〙① 労働協約などで賃金を物価や売上高などの上昇に応じて、自動的に引き上げることを取り決めた条項。② 輸出入取引の契約で、契約成立後の物価や外国為替相場の変動に備え、契約価格に幅をもたせることを取り決めた条項。
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