What is a condition precedent?

A condition precedent is a legal term used in contract law. It is the concept that one party in a contract must satisfy a certain condition before the other party is required to carry out its obligations. An example of a condition precedent would be a contract between two parties that states the other party must pay a certain amount of money before the first party is obligated to provide a service or item. In Virginia, condition precedents must be explicitly stated in the contract in order to be enforced. The language of the condition precedent must be clear and unambiguous, and must be a reasonable requirement in order for the other party to meet its obligations. If the condition precedent is not met, then the contract is rendered void. A condition precedent is an important element of many contract agreements. It provides an effective way for parties to agree to the terms of a contract, as well as providing a way for one party to ensure the other meets its obligations before they are required to do so. This helps to protect the interests of both parties by making sure that the obligations are met and that the contract is carried out properly.

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What is a condition precedent?

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