Condition precedent and the automatic termination of a contract

By Nikolay Chsherbinin ( December 14, 2018, 9:02 AM EST) -- A true condition precedent occurs whenever the rights and obligations of the contracting parties depend on a future uncertain event, the happening of which is beyond the parties’ control and contingent entirely on the will of a third party. Until the event occurs, there is no right to specific performance on either side....
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