n Without Prejudice - Deals fall apart : contract law
|Article Title||Deals fall apart : contract law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jun 2014|
|Pages||18 - 21|
A suspensive condition suspends the operation of certain provisions of an agreement until the happening a future uncertain event. The prevalence of suspensive conditions in agreements demonstrates their potency in transaction structuring. If the process of fulfilment of suspensive conditions is not managed meticulously, suspensive conditions may become a major transaction risk which if it materialises, may cause searing embarrassments and financial losses.
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