A condition precedent is a condition that must take place before any legal duty is required by either of the parties. If the condition precedent does not happen, there is no legal duty owed and the contract is no longer effective. The condition precedent clause can be written in any variety...
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condition precedent clause 读音:美英 condition precedent clause基本解释 先决条件条款 分词解释 condition情况,状态 precedent前例 clause从句,分句
Condition Precedent to this Agreement. The obligations of the Buyer and Seanergy's performance guarantee under Clause 21 to consummate the transactions contemplated by this Agreement and take delivery...
A condition precedent is an explicit or implicit clause within a contract that says the other party must accomplish its duty before the contract can move forward. 5 min read updated on September 19, 2022 What Is a Condition Subsequent? A condition subsequent (CS) is an exit clause from an...
On this page, you'll find the legal definition and meaning of Condition Precedent, written in plain English, along with examples of how it is used. What is Condition Precedent? An event or occurrence of a specified thing that is required to happen to perform a particular task.Example- n ...
Failure of a Condition Precedent. In the event that on or prior to the Closing Date any of the foregoing conditions precedent cannot be satisfied on the Closing Date and any Contributor or Acquiror, a...
There may also be condition precedents in the ongoing life of a contract, which state that if condition X occurs, event Y will then occur. Condition X is the condition precedent. Understanding Condition Precedent For example, in real estate, amortgagecontract will have a condition precedent that...
heard on appeal in the Inner House of the Court Session in Edinburgh, which deals with the issue of whether a requirement for notices as a condition precedent to a contractor's entitlement to extension of time may be construed at a penalty a...
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