condition precedent

Popular Terms
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.

Use 'condition precedent' in a Sentence

The condition precedent was set and we were all ready to begin, which made the energy in the room raise.
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The company signed a condition precedent with its employees that stated that they must collectively produce fifty widgets a day each or the bonuses promised would not be forthcoming.
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The condition precedent had been set for two thirds of the order be fulfilled before the company authorized payment for the order
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