Conditional Funding
/kənˈdɪʃənəl ˈfʌndɪŋ/
Definitions
- (n.) Provision of funds contingent upon fulfillment of specific conditions or milestones in a contract or legal agreement.
The conditional funding in the project contract ensures payment is released only after meeting predefined goals.
Forms
- conditional funding
Related terms
See also
Commentary
Conditional funding clauses should be clearly drafted to specify triggering conditions precisely, avoiding ambiguity in performance requirements.
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.