A condition precedent is a term of a contract that will bring that contract to an end when the specified condition is met.

Name: A condition precedent is a term of a contract that will bring that contract to an end when the specified condition is met.
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A condition precedent is a term in a contract that must be met before a party's obligation or promise becomes due. It does not end the contract but rather initiates the contractual obligations.

A Condition Precedent Is a Term of a Contract That