Loophole
Type: noun
Pronunciation: /loop-hohl/
Also spelled or known as: Legal Loophole
Plural: Loopholes
Related: Contract, Law
What does Loophole mean? An unintended gap, ambiguity, or omission in a law, contract, policy, or agreement that allows someone to avoid or alter an intended obligation.
In the music industry, loopholes may arise in licensing agreements, royalty provisions, publishing contracts, or copyright laws.
Loophole synonyms: Legal Gap, Contractual Gap, Legal Exception
Example sentence: “The attorney discovered a loophole in the licensing agreement.”
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