Simple definition
An event or condition that must occur before a right or obligation becomes effective.
An event or condition that must occur before a right or obligation becomes effective.
A contract may use “condition precedent” when describing an event or condition that must occur before a right or obligation becomes effective.
An event or condition that must occur before a right or obligation becomes effective.
This concept appears in clauses defining what each party must do, when performance is due, and what happens if performance is delayed or prevented.
It can affect delivery expectations, standards of effort, excuses for delay, and remedies for non-performance. Review the exact language rather than relying on the label alone.
An event or condition that must occur before a right or obligation becomes effective.
This concept appears in clauses defining what each party must do, when performance is due, and what happens if performance is delayed or prevented.
No. ClauseInsight provides concise informational explanations. The legal effect of a term depends on the complete document, facts, and applicable law.