resolutory condition

Definition of "resolutory condition"
  1. A stipulation in Louisiana's civil law which, when met, halts an existing enforceable obligation and allows the involved parties to return to their previous statuses
How to use "resolutory condition" in a sentence
  1. The contract included a resolutory condition demanding full payment within 60 days.
  2. If the resolutory condition is fulfilled, the deal would be terminated immediately.
  3. The parties agreed to a resolutory condition stating that a breach would eliminate the obligations and reinstitute the initial agreement.

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