GLOSSARY

Condition precedent definition

What does Condition precedent mean?

A condition which delays the vesting of a right until the beginning of an event.

Commercial

A condition precedent in a commercial contract details an event which must take place before a contract, or a party's obligation(s) under a contract come into force. The contract, or the relevant obligation, does not become binding until the condition has been satisfied. In financing transactions, conditions precedent are the conditions that need to be fulfilled for funding to occur.

Discover our 264 Practice Notes on Condition precedent

Dive into our 41 Precedents related to Condition precedent

See the 37 Q&As about Condition precedent

Read the latest 180 News articles on Condition precedent

Condition precedent is referenced 4 in Encyclopaedia of Forms and Precedents

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

  Case studies

"In some areas of research there were also significant time savings. You get to what you are looking for more quickly, which all goes to the value of the product."

Harper Mcleod


Access all documents on Condition precedent

GET ACCESS NOW