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Contingency clause Term Meaning in Real Estate - Guide
Contingency clause Term Meaning in Real Estate - Guide
A contingency clause is a provision or clause in a contract that requires a specific event or action to take place for the contract to be valid
Devika Arora
Devika Arora
6 years ago
Published Date: May 02, 2018
Updated Date: Mar 27, 2024

A contingency clause is a provision or clause in a contract that requires a specific event or action to take place for the contract to be valid,

If the party that is required to fulfill the contingency clause is unable to do so, the other party is free from the obligations of the contract.

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