resolutory condition
- 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
- The contract included a resolutory condition demanding full payment within 60 days.
- If the resolutory condition is fulfilled, the deal would be terminated immediately.
- The parties agreed to a resolutory condition stating that a breach would eliminate the obligations and reinstitute the initial agreement.
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