Suspensive Condition
/səˈspɛn.sɪv kənˈdɪʃ.ən/
Definitions
- (n.) A condition precedent that suspends the effects of a legal act until the condition is fulfilled.
The contract will become effective upon a suspensive condition that the buyer obtains financing.
Forms
- suspensive condition
- suspensive conditions
Related terms
See also
Commentary
Suspensive conditions delay contract enforceability until a specified event occurs, distinguishing them from resolutive conditions that terminate obligations upon occurrence.
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.