deference - a courteous expression (by word or deed) of esteem or regard; his deference to her wishes was very flattering; be sure to give my respects to the dean. 2. deference - courteous regard for people's feelings; in deference to your wishes; out of respect for his privacy.
Conditions precedent is a term used to define all the significant points that need to be dealt with prior to closing a transaction. They are itemized in the letter of intent (LOI) by either the buyer or the seller, although it is usually the buyer who typically inserts them.
1a : a condition, fact, or event accompanying, conditioning, or determining another : an essential or inevitable concomitant the weather is a circumstance to be taken into considerationb : a subordinate or accessory (see 2accessory 2) fact or detail cost is a minor circumstance in this casec : a piece of evidence that indicates the probability or ...