Definitions for condition precedent

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  1. condition precedent(Noun)

    a condition imposed on an agreement that must be satisfied before property is transferred between parties.

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  1. Condition precedent

    Condition precedent refers to an event or state of affairs that is required before something else will occur. In contract law, a condition precedent is an event which must occur, unless its non-occurrence is excused, before performance under a contract becomes due, i.e., before any contractual duty erects. For instance, in the sentence "Jack will only go to heaven after he has died," the death of Jack is a condition precedent to Jack going to heaven. In estate and trust law, it is a provision in a will or trust that prevents the vesting of a gift or bequest until something occurs or fails to occur, e.g. the attainment of a certain age or the predecease of another person. For comparison, a condition subsequent brings a duty to an end whereas a condition precedent initiates a duty.

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"condition precedent." Definitions.net. STANDS4 LLC, 2015. Web. 27 Apr. 2015. <http://www.definitions.net/definition/condition precedent>.

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