A Cancellation Clause is a provision within a contract that grants the right to terminate the agreed-upon obligations upon the occurrence of specified conditions or events.
Condition(s) provision(s) in a contract that specify certain events or circumstances that can alter or negate the terms of the contract. Common examples include events such as destruction of property or inability to secure financing.
Conditions and arrangements specified in a contract, determining the obligations, rights, and conditions particular to an agreement between parties involved in a real estate transaction.
