Saturday, December 13, 2014

Term of the Closing Moment: stop clause

stop clause--a clause in a theater-rental contract that says if a show dips below a set financial amount in ticket sales for two weeks in a row, the theater owners have the option of forcing the production to close and vacate the theater. "Despite rave reviews, the recent revival of 'Side Show' dipped below $550,000 a week in ticket sales, so the theater owners exercised their stop clause in the theater-rental contract." Usually, the theater owners have a more promising show waiting to come in.
(see the New York Times article from December 13, 2014)

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