Condition

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Glossaries

Term Definition
Condition

A clause that renders the operation and consequences of the contract as a whole dependent on an uncertain future event. A suspensive condition suspends the operation of the contract for a period of time subject to the occurrence of a future event and only if and when the condition has been fulfilled will an enforceable contract exist. In the case where a resolutive condition is stipulated the contract is immediately binding and will remain binding unless the condition is not fulfilled. Afrikaans - Toestand

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