Term Details

English

Term condition 
Plain Language Definition a statement in a contract that limits when or how an obligation or right in a contract comes into effect 
Context/Example One *condition* of the sellers' was a clause providing that the exchange rate would be the rate on the date of delivery. 
Related words
term, provision, limitation 
 
This term last modified: 5/18/2008
 
 
 
 
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