Condition
/ˈkɒndɪʃən/
Definitions
- (n.) A stipulation or requirement in a legal agreement that must be met for the agreement to be effective or enforceable.
The contract included a condition that payment be made within 30 days.
- (n.) A circumstance or fact affecting the fulfillment of a legal obligation.
The condition precedent required approval by the board before the sale could proceed.
Forms
- conditions
Related terms
See also
Commentary
Conditions often delineate specific obligations or contingencies that impact the validity or performance of contracts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.