Utah Occurrence or failure of condition precedent is a type of contractual clause that states that a particular event or condition must take place before a contract is legally binding. This event or condition is known as a “condition precedent” and can involve anything from the settlement of a debt to the completion of repairs. If the condition precedent fails to take place, the contract is void and unenforceable. There are two types of Utah Occurrence or failure of condition precedent. The first type is called a Positive Condition Precedent, which is an event or condition that must take place for the contract to be binding. The second type is called a Negative Condition Precedent, which is an event or condition that must not take place in order for the contract to be binding. In either case, failure of the condition precedent renders the contract unenforceable, meaning that either party has the right to void the contract and seek damages or other remedies in court.
Utah Occurrence or failure of condition precedent
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