If parties to a contract agree that it will not be legally enforceable until the happening of a certain event, that term of the contract is known as a:

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A condition precedent is a term in a contract that must be fulfilled before the contract becomes legally enforceable. It is often used to specify a particular event or action that must take place before the contract becomes valid. This type of condition is commonly included in contracts involving the sale of goods, real estate transactions, and employment agreements.

If Parties to a Contract Agree That It Will Not