condition precedent

condition precedent
A condition which is precedent either to the existence of a contract (17 Am J2d Contr § 24) or to the inception of an obligation immediately to perform a contract previously made. 17 Am J2d Contr § 321; in the law of estates, a condition which must take place before an estate can vest or be enlarged. 28 Am J2d Est § 132. In the law of insurance, a condition without the performance of which a contract of insurance, although in form executed by the parties and delivered, does not spring into life. Chambers v Northwestern Mut. Life Ins. Co. 64 Minn 495, 67 NW 367; in a lease, a condition that must occur or be performed before the lease becomes binding and the tenancy comes into existence. 32 Am J1st L & T § 825.

Ballentine's law dictionary. . 1998.

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  • Condition precedent — refers to an event or state of affairs that is required before something else will occur. In contract law a condition precedent is an event which must occur, unless its non occurrence is excused, before performance under a contract becomes due, i …   Wikipedia

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  • condition precedent — noun a condition imposed on an agreement that must be satisfied before property is transferred between parties …   Wiktionary

  • condition precedent — noun : a condition whose fulfillment must precede the vesting of an estate, the taking effect of a contract, or the accruing of a right …   Useful english dictionary

  • condition precedent —    In a contract, an event that must take place before a party must perform or do his or her part. For example, supplies must be delivered to a building site before a contractor is required to start work on a project …   Business law dictionary

  • remainder subject to a condition precedent — See: contingent remainder Category: Wills, Trusts & Estates Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

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