— condition implied in law : constructive condition in this entry — condition precedent \ -pri-ˈsēd-ᵊnt, -ˈpre-sə-dənt \ : a condition that must be fulfilled before performance under a contract can become due, an estate can vest, or a right ...
The meaning of CONDITION is a premise upon which the fulfillment of an agreement depends : stipulation. How to use condition in a sentence.
condition precedent inLaw topic From Longman Business Dictionaryconˈdition ˌprecedentnoun[countable]aconditionin acontractthat will only come intoforceonce somethingstatedin the contract happens or becomestrueThe continuing existence of the lease was not a condition precedent to the right to review...
Condition Precedent Definition and Legal Meaning 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 ...
Jessica is a practicing attorney and has taught law and has a J.D. and LL.M. 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...
As a consequence, the insurer may refuse payment under the policy even if the assured has, without being at fault, not fulfilled such condition precedent. In contrast, German case law saw a dramatic change between 1865 and 1870. Since 1865, German courts have developed the view...
Both English and German law first qualified those terms which oblige an assured after the occurrence of the loss, such as giving notice of the loss within a certain time, as conditions precedent. English courts still uphold this qualification. As a consequence, the insurer may refuse payment und...
First Condition has the meaning given in Section 2.2.3(ii). Sample 1 Based on 1 documents SaveCopy Examples of First Condition in a sentence The First Condition Precedent to Federal Habeas Review A habeas petitioner is required to present his federal claims to the state court, and to exhaust...
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...
If the contractor fails to fulfill this precedent condition, the client may not be obligated to pay for any work performed. Concurrent conditions, on the other hand, are conditions that are to be performed simultaneously by both parties. For instance, in a contract for the sale of a house,...