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A conditional contract, also called a hypothetical contract, is a contract agreement that only requires performance once the delineated conditions are met. This legal agreement requires prior performance of another agreement or clause in order to be enforceable.

If you edit your CF7 form, you will see an additional tag called ?Conditional fields Group?. Everything you put between the start and end tag will be hidden by default. After you have added the field group(s), go to the ?Conditional fields? tab to create one or more conditions that will make the group(s) appear.

A conditional contract is an agreement or contract conditional upon a specific event, the occurrence of which, at the date of the agreement, is uncertain. A common example is a contract conditional upon the buyer getting planning permission.

Examples of Conditional contract For example, a buyer may enter into a conditional contract to purchase a property, with the condition that the buyer is able to obtain financing. If the buyer is unable to obtain financing, the contract will be null and void.

The crucial distinction therefore between a conditional contract and an option agreement is that under an option agreement the buyer/developer retains absolute discretion as to whether to buy the property.

A conditional offer means that if a specific condition or conditions are met, the offer will stand. Real estate transactions often use conditional offers in transactions. A conditional offer could be a buyer agreeing to purchase a property only if it passes a home inspection.

CONDITIONAL Definition & Legal Meaning That which is dependent upon or granted subject to a condition.