condition precedent

condition precedent
condition precedent conˈdition ˌprecedent noun [countable]
LAW a condition in a contract that will only come into force once something stated in the contract happens or becomes true:

• The continuing existence of the lease was not a condition precedent to the right to review the rent.

* * *

condition precedent UK US noun [C] (plural conditions precedent)
LAW something that must be done before an official agreement can become law: »

Full compliance with the relevant procedure will be a condition precedent to the completion of the transaction.

Compare CONDITION SUBSEQUENT(Cf. ↑condition subsequent)

Financial and business terms. 2012.

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Look at other dictionaries:

  • condition precedent — see condition Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. condition precedent …   Law dictionary

  • 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

  • Condition precedent — Precedent Pre*ced ent, a. [L. praecedens, entis, p. pr. of praecedere: cf. F. pr[ e]c[ e]dent. See {Precede}.] Going before; anterior; preceding; antecedent; as, precedent services. Shak. A precedent injury. Bacon. [1913 Webster] {Condition… …   The Collaborative International Dictionary of English

  • condition precedent — A contractual condition that is required to be met before a contract can be completed. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • Condition Precedent — A legal term describing a condition or event that must come to pass before a specific contract is considered in effect or any obligations are expected of either party. There may also be condition precedents in the ongoing life of a contract,… …   Investment dictionary

  • 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… …   Ballentine's law dictionary

  • 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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