Simple definition
An event that may end or alter an existing right or obligation after it has begun.
An event that may end or alter an existing right or obligation after it has begun.
A contract may use “condition subsequent” when describing an event that may end or alter an existing right or obligation after it has begun.
An event that may end or alter an existing right or obligation after it has begun.
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 that may end or alter an existing right or obligation after it has begun.
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.