- In a contract, an event that terminates the duty of a party to perform or do her or his part. For example, if a company closes a branch, a supplier will not be required to make contracted deliveries to the branch.
Business law dictionary. 2015.
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Condition subsequent — refers to an event or state of affairs that brings an end to something else. A condition subsequent is often used in a legal context as a marker bringing an end to one s legal rights or duties. A condition subsequent may be either an event or a… … Wikipedia
condition subsequent — see condition Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. condition subsequent … Law dictionary
condition subsequent — conˌdition ˈsubsequent noun [countable] LAW a condition that exists until a particular event happens, for example payment of a pension until someone dies * * * condition subsequent UK US noun [C] (plural conditions subsequent) ► LAW an event or a … Financial and business terms
condition subsequent — A condition in a contract which follows liability upon the contract and operates to defeat or annul such liability upon the subsequent failure of the other party to comply with its terms. 17 Am J2d Contr § 323: in the law of estates, a condition… … Ballentine's law dictionary
condition subsequent — noun : a condition whose fulfillment invalidates or modifies an estate, right, or contract previously vested or in effect (as when a horse is bought on condition that he prove sound) … Useful english dictionary
fee simple subject to condition subsequent — fee simple subject to condition subsequent: fee simple on condition subsequent at fee simple Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
fee simple on condition subsequent — see fee simple Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
estate on condition subsequent — See condition subsequent … Ballentine's law dictionary
fee simple subject to condition subsequent — noun A defeasible fee created with language reserving the right of the grantor to reclaim ownership of the land upon the occurrence of a specified condition (e.g. if X event occurs, grantor reserves the right to reenter and retake ); upon… … Wiktionary
interest upon condition subsequent — A vested interest subject to be divested. Anno: 71 ALR 1053, 1054 … Ballentine's law dictionary