An agreement may include a "condition precedent" that must be met before either party is required to take further action. This means that something must happen or be done before either party can move forward with the agreement.
These are questions that the above text answers:
1. What is a "condition precedent" in an agreement?
2. What must happen before either party can move forward with an agreement?
3. What is required for a party to take further action in an agreement?
4. Can an agreement include a condition precedent?
8. What happens if a condition precedent is not met in an agreement?
9. Can a party take further action in an agreement without meeting a condition precedent?
10. How does a condition precedent affect the progress of an agreement?