“Often a condition will be waived and the agreement rewritten to require that it be completed on a post-closing basis. This is often referred to as a post-closing condition—an inaccurate name, as a technical matter, because such a requirement is no longer a condition to performance. Instead, it has been converted into a covenant that one party must perform or else suffer the consequences for breach.”

Charles M. Fox, Working With Contracts: What Law School Doesn't Teach You
Read more quotes from Charles M. Fox

Share this quote:
Twitter icon

Friends Who Liked This Quote

To see what your friends thought of this quote, please sign up!

All Members Who Liked This Quote

None yet!

This Quote Is From

Browse By Tag