condition precedent


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condition precedent

n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part. 2) in a deed to real property, an event which has to occur before the title (or other right) to the property will actually be in the name (vest) of the party receiving title. Examples: if the ship makes it to port, the buyer agrees to pay for the freight on the ship and unload it; when daughter Gracella marries she shall then have full title to the property. (See: condition)

References in periodicals archive ?
The Purdons have filed a plea in bar seeking dismissal on failure of the condition precedent. They also assert that "they did not waive their right to mediation because they did not intentionally relinquish that right, asserting that "'ever since their first appearance in this litigation, [they] have consistently requested both benefit and the burden of their bargain and have sought to have this matter mediated.' They contend that, in response, the Bateses 'ignored the mediation provision and continued litigating the action for months.'"
If (claimant) does not prove that (insert condition precedent) [was performed] [occurred] [was waived], then (defendant) was not required to (insert duty).
The court held that, construing the policy as a whole, the commercial purpose of the notification clause showed an intention by the parties for it to be treated as a condition precedent. Pectel had given notice of the underlying event resulting in its insurance claim--a fire--almost three years after the event.
In other words, it viewed the payment obligation as being subject to a condition precedent and, accordingly, held that there was no loan.
The RoRo court concluded that the State Farm policy expressly required compliance with the policy terms as a condition precedent to bringing action against State Farm.
Despite the fact that Campbell Sales only restated the "condition precedent" language of Wurlitzer, and there has been substantial authority subsequent to Wurlitzer holding that distortion of income is still relevant with respect to the intercompany transaction situation, dhe "condition precedent" language of Campbell Sales has been widely viewed as holding that distortion of income is no longer relevant with respect to combined reporting in the intercompany transaction situation.
The circuit court sustained Serco's plea in bar on grounds that Primov had failed to satisfy a condition precedent to suit.
The Respondent also argued that filing the case was premature because of the non-fulfillment of the condition precedent.
Consequently, the Service ruled that the gift would not be contingent on a condition precedent under Regs.
In another case, unreasonableness was found where the landlord demanded a fee as a condition to its consent when such a fee was not provided for in the lease as a condition precedent for the landlord granting its consent.
ENPNewswire-August 19, 2019--Red River Resources Limited - Final Condition Precedent Satisfied for Hillgrove Gold-Antimony Acquisition
A contract employee who said only that he "would not be opposed" to mediation, but didn't actually request it, didn't satisfy a condition precedent for suing.