A condition is a requirement or limitation involved in a contract, trust, law, or other legally recognized document that changes the rights and duties of those involved.
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Condition · 1 : an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and ...
A condition is a term of the contract that is so significant that it goes to the heart of the transaction—so it is a major term of the agreement.
A term of a contract which is of such vital importance that it goes to the root of the transaction; essentially it is a major term of the contract.
2 A provision that does not form part of a contractual obligation but operates either to suspend the contract until a specified event has happened (a condition ...
A Condition of a Contract is an essential or fundamental Term in a Contract. A condition of the contract is a requirement and one or both parties must comply.
Feb 1, 2023 · When a gift may be defeated upon the happening of an uncertain event, it is called a condition, but when it is given to be enjoyed until the ...
the law of contracts. The noun "condition" means some fact or event. that may come to pass. The adjectives "precedent" and "subsequent"
In its simplest form, a condition of the contract is a requirement or term of the contract with which one or both of the parties must comply.
A condition is an act or event that affects a party's contractual duty. A condition is a qualification that is placed on an obligation. There are three ...