Guillotine clause definition

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Guillotine clause

Guillotine clause logo #21000 Guillotine clause refers to a contractual stipulation that an adoption of a contract package depends on the adoption of all of the individual treaties or contracts therein. If only one of the treaties is not accepted by an involved party, or it is canceled later, all of the contracts will be deemed not accepted or terminated. The guillotine clause...
Found on http://en.wikipedia.org/wiki/Guillotine_clause
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