EXPENSE ALLOCATION AGREEMENT. This AGREEMENT, effective as of ______, 199__ , is by and between the. [list each fund] with offices at__________________(collectively the Funds) and. [list union and other entities] with offices at__________________(the Union).
A condition in a contract that causes the contract to become invalid if a certain event occurs. A condition in a contract or will that causes the contract to become invalid if a certain event occurs.This is different from a condition precedent.The happening of a condition subsequent may invalidate a contract which is, until that moment, fully valid and binding. In the case of a condition precedent, no binding contract exists until the condition occurs. condition in a contract that causes the contract to become invalid if a certain event occurs. A condition in a contract or will that causes the contract to become invalid if a certain event occurs.
Basically, for a contract to be valid, there must be an exchange of goods and/or services. Because the v â¦ ast majority of contracts are for sales of some type, consideration usually takes the form of an exchange of money for goods or services.egally binding contract terms happen in such situations as when a teacher is teathered to their position, meaning they can't be fires, when a person's rights to remain silent â¦ are broken, or when the right to an attorney is issued.