Sometimes an agreement includes a condition that a contract will only come into existence if a specific event occurs.This condition is known as:

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A condition precedent is a condition that must be fulfilled before a contract can come into existence. It is a type of condition that is commonly used in contracts to ensure that certain requirements are met before the parties are bound by the terms of the agreement. Until the condition precedent is satisfied, the contract is not binding on either party.

Sometimes an Agreement Includes a Condition That a Contract Will