Contingent Contract
/kənˈtɪn.dʒənt ˈkɒn.trækt/
Definitions
- (n.) A contract dependent on the occurrence or non-occurrence of a certain event to become enforceable.
The parties agreed to a contingent contract that would take effect only if the land was rezoned.
Forms
- contingent contracts
Related terms
See also
Commentary
A contingent contract differs from a standard contract by its reliance on future uncertain events; clear specification of the condition is crucial in drafting to ensure enforceability.
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.