老司机午夜福利

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GLOSSARY

Condition definition

What does Condition mean?

A condition is a term of the contract that is so significant that it goes to the heart of the transaction鈥攕o it is a major term of the agreement.

If a condition is breached, the injured party may terminate the contract and claim damages for any loss. Alternatively, the innocent party may choose to affirm the contract despite the breach and claim damages. Sometimes it is also called a fundamental term.

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