A condition in a contract that causes the contract to become invalid if a certain event occurs. This is different from a condition precedent. The happening of a condition subsequent may invalidate a contract which is, until that moment, fully valid and binding. In the case of a condition precedent, no binding contract exists until the condition occurs. See also "condition precedent".
If this condition takes place, it will end a current obligation or will defeat an estate that currently exists.
Condition the failure or nonperformance of which may defeat an estate already vested.
a clause in a contract that will terminate an existing duty to perform if it occurs
a condition by the failure or nonperformance of which an estate already vested may be defeated
a condition that follows liability on a contract but provides for a contingency, which, if it occurs, will defeat a contract already in effect
a condition which must happen or be performed before the estate can vest or be enlarged
an event that operates to terminate an existing duty and a right to compensation for a breach of contract
an event the happening or not happening of which determines an estate already vested
A condition which, if it occurs, will defeat an existing estate in real estate or terminate an existing obligation.
A condition referring to a future event upon the happening of which the contract becomes no longer binding on the parties.
Circumstance set out in a contract, which, if fulfilled, entails the cancellation of the main effects of the contract in question.
It is based upon the happening of a certain event and may cause an estate to be lost.