Release condition

Release condition

A formal condition or set of conditions set forth by one party in an agreement which, when met, allows the other party to take a particular action, such as to exit the agreement. For example, a company that enters into an agreement with a supplier could have a release condition that allows the company to exit the agreement if the supplier fails to deliver the requested goods during a certain time frame. See also release clause.

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Part of Speech: noun
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Industry/Domain: Law
Category: Contracts
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Related terms

release condition

Law; Contracts

A formal condition or set of conditions set forth by one party in an agreement which, when met, allows the other party to take a particular action, such as to exit the agreement. ...

Release

Entertainment; Movies

Also Known As: Released. When a movie is shipped to exhibitors by the distributor, it is deemed to have been released for public viewing - there are no longer any studio ...

condition

Internet; Internet communication

The status of an expression or variable. In some programs, instructions take place based upon whether a certain condition is true.

condition

Printing & publishing; Publishing

To keep paper in the pressroom for a few hours or days before printing so that its moisture level and temperature equal that in the pressroom; also called "cure", "mature", and ...

condition

Military; General military

Those variables of an operational environment or situation in which a unit, system, or individual is expected to operate and may affect performance.

condition

Fishing; Fish processing

The nutritional status of a fish; the amount of flesh on the carcass. Sexually mature fish deplete protein in their flesh to build up their gonads in the approach to the spawning ...

Contract

Law; Contracts

Contract, same meaning of agreement, a commercial contract this is a commercial agreement

contract

Law; Contracts

A lawful agreement between two or more parties, usually written is called as contract.Contract was made between both parties in written form.

act no.

Law; Contracts

A product, such as a statute, decree, or enactment, resulting from a decision by a legislative or judicial body

coll.

Law; Contracts

collected, coll., follows the number of an act, eg. Act No 111 Coll.

commercial register

Law; Contracts

a document that compulsorily registers individuals and legal entities (companies) engaging in commercial activities

as amended

Law; Contracts

a legislative measure altered formally by adding, deleting, or rephrasing

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