Conditions Precedent Clause—Commercial Contracts

Definitions

Condition Fulfilment Date means the date by which, unless otherwise waived pursuant to clause 1.6, the Conditions shall be satisfied being within insert days of the date of the Agreement OR on or before insert date, or such extended date as may be agreed pursuant to clause 1.3;

Conditions means the conditions described in clause 1.1 of this Agreement;

Surviving Clauses means insert references to the clauses of the agreement which are intended to survive any termination or voiding of the agreement in the event that the Conditions are not met—e.g., confidentiality, notices, costs, entire agreement, governing law and jurisdiction, dispute resolution.

1 Conditions precedent

1.1 This Agreement and the obligations in it (other than the Surviving Clauses) is conditional in all respects upon the following conditions being fulfilled [to the satisfaction of insert party name];

  • 1.1.1 [execution of insert description of agreement by the parties to it OR insert party names and the satisfaction or waiver of any and all conditions contained in it (other than any condition as to completion of this Agreement);]