Juridique & Transaction
Contingency Clause
Conditional opt-out clause
Definition
A protective clause embedded in a preliminary purchase agreement stating the sale depends on specific external factors (e.g., getting a loan or a building permit). If unfulfilled, the buyer can walk away without penalty.
FR
Condition Suspensive
Clause suspensive de protection contractuelle
Keywords
condition suspensivecredit refuseannulation venteprotection