Condition | Practical Law

Condition | Practical Law

Condition

Condition

Practical Law UK Glossary 9-107-5976 (Approx. 3 pages)

Glossary

Condition.

A term of a contract which is of such vital importance that it goes to the root of the transaction; essentially it is a major term of the contract. Breach of a condition gives rise to the claimant's right to terminate the contract (treat the contract as discharged) and claim damages for any loss.