release condition
Definition
A formal condition or set of conditions set forth by one party in an agreement which, when met, allows the other party to take a particular action, such as to exit the agreement. For example, a company that enters into an agreement with a supplier could have a release condition that allows the company to exit the agreement if the supplier fails to deliver the requested goods during a certain time frame. See also release clause.
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release condition is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
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