condition precedent definition

condition precedent

Express or implied stipulation in a contract that (1) a contracting party must perform its part before it can demand performance from the other(s), or (2) a certain event must occur before a party has right to performance or to demand damages for non-performance. See also conditions concurrent and condition subsequent.

condition precedent is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.

condition precedent appears in the definitions of the following terms: condition, condition subsequent, conditions concurrent and implied condition

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