A contractual condition that suspends the coming into effect of a contract unless or until a certain event takes place. Many residential real estate contracts have a condition precedent which states that the contract is not binding until and unless the property is subjected to a professional inspection, the results of which are satisfactory to the purchaser. Compare with "condition subsequent".
Condition that must be fulfilled before an estate can vest.
A future, uncertain event that—if it happens—creates a right or obligation.
a condition that must be fulfilled prior to the general fact at stake
a condition which must happen or be performed before the estate can vest or be enlarged
a fact or event that the parties intend must exist before there is a right to performance on a contract
a fact or event which the parties intend must exist or take place before there is a right to performance
an event (beyond the direct control of the vendor) that suspends completion of the contract until the condition is met or waived and that could cancel the contract "ab initio" if it is not met or waived
an event that must occur before contractual performance is due
an event that must occur before performance of an obligation becomes due
an event the happening or not happening of which causes an estate to vest or to be enlarged
A condition in an agreement which calls for the happening of some event, or performance of some act, before the agreement becomes binding on the parties.
A condition in a contract which calls for the happening of some event, or performance of some act, before the agreement become binding on the parties.
A condition that requires a certain action or a specified event to take place before an estate granted can take effect. For example, most installment real estate sales contracts require all payments to be made by the time specified before the buyer can demand transfer of title.
A condition that must happen prior to the vesting of title in another. Until the condition occurs, title remains with the grantor.
An event or state of affairs that is required before something else will occur.