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Broadly, a conditional contract is a contract that is subject to one or more conditions in the contract of sale. If a condition in the contract is not met, then either one or both of the buyer or seller will be able to terminate the contract.

Elements of a sales agreement Buyer and seller names and contact information. Description of goods, services, or property being purchased. Payment amount, dates, and method. Liability of each party in the case of loss, damage, or delivery failure.

Until all conditions are met or waived, the offer to purchase is pending, not final or confirmed. Even then, if a conditional offer includes escape clauses, a buyer or seller can still terminate the deal. Calculate closing costs in Ontario for a confirmed real estate offer.

You can back out of a conditional offer without penalty if the criteria is not met. In a seller's market, buyers have less negotiating power and can't demand many conditions.

S never too late. A common misconception by many couples is that nuptial agreements can only be made before the wedding (prenuptial). While a prenuptial agreement is most widely recommended, couples who are already married can still draw up a valid marital contract, known as a postnuptial agreement.

Such an agreement is likely to be upheld by a court, since: (a) the other spouse gets the benefit of living in a nice home while the relationship is intact; and (b) the other spouse is not losing anything by entering into the agreement ? if they didn't sign the agreement, they would not have a nice home being gifted to ...