If the contract contains a clause in which an event must occur in order for a party's duty to arise,then that contract contains a condition precedent.

Name: If the contract contains a clause in which an event must occur in order for a party's duty to arise,then that contract contains a condition precedent.
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A condition precedent is a particular event that must occur for a party's duty to arise.If the event does not occur,the party's duty to perform does not arise.

If the Contract Contains a Clause in Which an Event