conditional sale

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conditional sale

n. a sale of property or goods which will be completed if certain conditions are met (as agreed) by one or both parties to the transaction. Example: Hotrod agrees to buy Tappit's 1939 LaSalle for $1,000 cash if Tappit can get the car running by September 1st. (See: sale)

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Recognizing the distinctions and drafting protective agreements around each type of transaction will provide the best foundation for a successful conditional sale transaction.
The deals include : Conditional sales deal to buy 21 aircraft from GECAS, including eleven A320s, five Boeing 737-800s and two 737-900ERs, for USD714.
The company has also inked conditional sales and purchase agreement with Mr Low Soon Sim to acquire the entire issued and paid-up share capital of Richwood Asia I Investments Limited and One Room Mansion Limited (ORM) for $31 million.

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