sunset clause
C1CEFR level
70/100Rarity: rare
TechnicalRegister
Law noun
A provision setting a date on which a right or obligation automatically expires.
The indemnity is subject to a sunset clause and lapses eighteen months after completion.
Business noun
A contractual provision that automatically terminates a right, obligation, or agreement after a specified period.
The standstill agreement included a sunset clause releasing the acquirer from its restrictions after eighteen months.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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