Keep open clause
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
The Law of Equitable Remedies, 2/e$70.00 – $112.00
A clause included in a commercial lease agreement which requires the lessee to keep its store open, or requires a certain level of staffing and product range be maintained in the store. The clause is used to ensure the economic viability of stores in retail malls.