concurrent condition

Definition of "concurrent condition"
  1. A situation in an agreement where both parties must fulfill their respective conditions at the same time
How to use "concurrent condition" in a sentence
  1. In the home purchase agreement, there was a concurrent condition that the buyer would pay and the seller would move out on the same day.
  2. The land trade involved a concurrent condition where each party would exchange their deeds simultaneously.
  3. According to the contract, the concurrent condition required both parties to perform their obligations at the same moment.

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