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Definitions from WordNet | ||||
Definitions from the WebConditional ContractA conditional contract refers to an agreement or arrangement between parties that is dependent on a specific condition being met. Senses and Usages1. Legal Sense:In legal terms, a conditional contract is a legally binding agreement that outlines specific conditions that must be fulfilled for the contract to be enforced. Example Sentence:They signed a conditional contract stipulating that the deal would only be finalized once both parties received their financing. 2. Business Sense:In the business world, a conditional contract may involve a sales agreement where the fulfillment of certain conditions is required for the transaction to occur. Example Sentence:The company entered into a conditional contract with the supplier, stating that delivery would only proceed after the quality of the goods was certified. 3. Employment Sense:In the realm of employment, a conditional contract refers to an agreement between an employer and an employee, where employment is subject to meeting specific conditions. Example Sentence:She was offered a conditional contract, which meant she could start her new job only if she successfully completed a background check. Related Products: | ||||
condition-specific condition, condition condition of wealth condition of worth condition precedent conditionability conditional conditional contract conditional probability conditional promotion conditional reaction conditional reflex conditional relation conditional response conditional salary conditional sale
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