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.
In contract law, a condition precedent is an event which must occur, unless its non-occurrence is excused, before performance under a contract becomes due, i.e., before any contractual duty exists.n contract law, a condition precedent is an event which must occur, unless its non-occurrence is excused, before performance under a contract becomes due, i.e., before any contractual duty exists.