condition subsequent
condition subsequent, defined:
a timing relationship that links a contractual obligation to the occurrence of some subsequent event. A condition subsequent refers to a continuing obligation to perform under the terms of a contract pending some event which will then terminate that obligation.
condition subsequent, as it might be used:
The insurance companies complaint alleges that the agreement is void from the outset due to a condition subsequent.
An example of condition subsequent:
Fergus owns an executive placement firm, specializing in accountants. As part of his contact with each client, he agrees to work to place that client in a suitable position continuously, until such a time as the client is gainfully employed. The client's gainful employment is a condition subsequent that releases Fergus from his contractual obligation to perform his placement activities.
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Clear-Point Law Dictionary
