Conditions applicable for contract Sample Clauses

The 'Conditions applicable for contract' clause sets out the specific requirements and circumstances that must be met for the contract to become valid and enforceable. Typically, this clause outlines prerequisites such as obtaining necessary approvals, fulfilling regulatory obligations, or completing due diligence before the agreement takes effect. By clearly defining these conditions, the clause ensures that both parties understand what must occur before their contractual obligations commence, thereby reducing uncertainty and mitigating the risk of disputes over whether the contract is binding.