Breach Clause

Term	Definition
Breach Clause	A A clause that renders the operation and consequences of the contract as a whole dependent on an uncertain future event. A suspensive condition suspends the operation of the contract for a period of time, subject to the occurrence of a future event, and only if and when the condition has been fulfilled will an enforceable contract exist. In the case where a resolutive condition is stipulated, the contract is immediately binding and will remain binding unless the condition is not fulfilled. Afrikaans - Toestand ">condition in a A legally enforceable agreement, for example a lease or sale. Afrikaans - Kontrak ">contract setting out the rights, responsibilties, procedures and remedies in the event that one of the parties Failure to meet legal obligations in a contract. Afrikaans - Standaard ">defaults on his/her/it's/their obligations on terms of the Also referred to as the Agreement of Sale or Offer to Purchase. Afrikaans - Koopkontrak ">deed of sale.

Term

Definition

">contract setting out the rights, responsibilties, procedures and remedies in the event that one of the parties Failure to meet legal obligations in a contract. Afrikaans - Standaard