/ˈpærəti klɔz/ – Phrase
Definition: Điều khoản ngang nhau.
A more thorough explanation: A parity clause is a provision in a contract that requires one party to receive the same terms and conditions as another party in similar circumstances. This clause ensures that both parties are treated equally and prevents one party from receiving more favorable terms than the other.
Example: The employment contract included a parity clause ensuring that all employees would receive equal pay for equal work regardless of gender.