Common use of Conditions Precedent to Formation Clause in Contracts

Conditions Precedent to Formation. Before any Contract between the City and the Contractor is effective, the following conditions precedent must be satisfied. Satisfaction of these conditions is the responsibility of the Contractor. If, after performance under the Contract, the City learns that a condition precedent was not met, the City may, if permitted by law, ratify the Contract by affirmative recorded vote or may disclaim it, in its sole discretion.

Conditions Precedent to Formation. Before any Contract between the City Town and the Contractor is effective, the following conditions precedent must be satisfied. Satisfaction of these conditions is the responsibility of the Contractor. If, after performance under the Contract, the City Town learns that a condition precedent was not met, the City Town may, if permitted by law, ratify the Contract by affirmative recorded vote or may disclaim it, in its sole discretion.