Warning
Info
Warning
Info
Simple English definitions for legal terms
dependent condition
Read a random definition: exannual roll
A quick definition of dependent condition:
A dependent condition is when something in a contract or agreement depends on a future event happening or not happening. For example, if someone promises to pay for a car repair, but the repair is not done, they don't have to pay. It can also refer to a requirement or rule in a contract. Sometimes, a court may add a condition to a contract if it's reasonable. A condition can also be a physical characteristic of property or a state of being.A more thorough explanation:
A dependent condition is an uncertain event that triggers or negates a duty to perform a promised action. It can be a future event on which the existence or extent of an obligation or liability depends. For example, if Jones promises to pay Smith $500 for repairing a car, Smith's failure to repair the car relieves Jones of the promise to pay.
Another example of a dependent condition is a contractual term that makes an event a condition. If a court construes a contractual term to be a condition, then its untruth or breach will entitle the party to whom it is made to be discharged from all liabilities under the contract.
Overall, a dependent condition is a stipulation or prerequisite in a contract, will, or other instrument that constitutes the essence of the instrument. It can be either unconditional or conditional, and it can be expressed or implied.