WebDefine conditional contract. conditional contract synonyms, conditional contract pronunciation, conditional contract translation, English dictionary definition of conditional contract. ... English dictionary definition of conditional contract. Noun 1. conditional contract - a contract whose performance depends on a fact or event that affects ... WebSimply put, conditions precedent is what initiates the contract. Conditions Subsequent. The other type of express condition is known as conditions subsequent. Conditions subsequent is essentially the opposite of conditions precedent, as rather than serving as the moment a contract is initiated, this is what brings a contract or agreement to an end.

Conditional Contract - The National Alliance for Insurance …

WebIn a contract, a condition precedent is an event that must occur before the parties are obligated to perform. For example, an insurance contract may require the insurer to pay to rebuild the customer’s home if it is destroyed by fire during the policy period. The fire is a condition precedent. The fire must occur before the insurer is ... WebConditional Contract means an agreement that is enforceable only if another agreement is performed or if another specific condition is satisfied. A conditional contract may be … daily horoscope today in tamil

Condition Precedent: Everything You Need to Know - UpCounsel

WebUnilateral Contract Definition. A unilateral contract refers to an agreement enforceable by the Indian Contract Law, in which one party (promisor) promises to reward another party (acceptor) for performing a specific act. The contract is deemed accepted when the offeree agrees to complete the requested task. It differs from a bilateral contract ... WebNov 2, 2024 · Adhesion in insurance means that the insured (the client) accepts the insurance company’s (insurer) terms and contract presented in an insurance policy. Since the insurance company is the one writing the terms and conditions of the policy of adhesion, you should expect that most of its terms will be in the insurance company’s … WebA contract is only conditional within the meaning of TCGA92/S28 if particular conditions have to be satisfied before the contract becomes a binding document. These are called ‘conditions ... bioinformatics orf finder