condition precedent conˈdition ˌprecedent noun [countable]
LAW a condition in a contract that will only come into force once something stated in the contract happens or becomes true:
• The continuing existence of the lease was not a condition precedent to the right to review the rent.
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condition precedent UK US noun [C] (plural conditions precedent)
► LAW something that must be done before an official agreement can become law: »
Full compliance with the relevant procedure will be a condition precedent to the completion of the transaction.
Financial and business terms. 2012.