| 释义 |
sunset clause
sunset clause or sunset provisionn1. (Law) chiefly US and Canadian a provision of a law that it will automatically be terminated after a fixed period unless it is extended by law2. (Government, Politics & Diplomacy) chiefly US and Canadian a provision of a law that it will automatically be terminated after a fixed period unless it is extended by lawLegalSeeSunset Provisionsunset clause
Sunset ClauseA clause in a law or regulation automatically abolishing that law or regulation after a stated period of time. In order for the law or regulation to continue to have effect, specific action must be taken. A law or regulation without a sunset clause continues indefinitely. The U.S. state of Texas has sunset clauses abolishing nearly every state agency every 12 years unless they are specifically renewed.sunset clauseA provision in a sales contract that sets a date for closing and after which the contract will be unenforceable except for provisions related to damages or earnest money refund or retention. |