A contract provision which provides that both parties waive any right during the contract term to reopen negotiations for new items is termed a:
A) Closure clause.
B) Zipper clause.
C) Duty clause.
D) Statutory right.

Question

Quizplus · Accepted Answer

A zipper clause is a contract provision that prevents either party from reopening negotiations for new items during the term of the contract. It's called a zipper clause because it "zips up" the contract, preventing either side from reopening discussions once the contract is signed. The other options are not relevant to this concept.

A Contract Provision Which Provides That Both Parties Waive Any