/kæn.səˈleɪ.ʃən klɔz/ – Phrase
Definition: điều khoản hủy bỏ.
A more thorough explanation: A cancellation clause is a provision in a contract that allows one or more parties to terminate the agreement under certain specified conditions. This clause typically outlines the circumstances under which the contract can be canceled, the process for cancellation, and any penalties or consequences for canceling the contract.
Example: The cancellation clause in the contract stipulates that either party may terminate the agreement with written notice at least 30 days prior to the intended cancellation date.