Where a contract states that the occurrence of a specific event external to the contract will end the contract,this event is known as:

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A condition subsequent is a condition that brings an end to an existing contract upon the occurrence of a specific event that is external to the contract. This is different from a condition precedent, which is a condition that must be fulfilled before the contract can become effective, and a condition collateral or ancillary, which is a secondary condition that is not essential to the performance of the contract.

Where a Contract States That the Occurrence of a Specific