Identify the clause that specifies that an event must occur before the parties to a contract are obliged to perform.

Question

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A conditions precedent clause specifies that an event must occur before the parties to the contract are obliged to perform.Sometimes a contract is useful to one or more of the contracting parties only if some future event occurs or fails to occur.Under those circumstances,the parties may write into the contract a clause providing that performance is required only if the specified condition occurs or fails to occur.Otherwise,the duty to perform is discharged.

Identify the Clause That Specifies That an Event Must Occur