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.
A condition precedent is a condition that must take place before any legal duty is required by either of the parties. If the condition precedent does not happen, there is no legal duty owed and the contract is no longer effective.The condition precedent clause can be written in any variety of ways.There is no one correct way to draft a condition precedent clause. To unlock this lesson you must be a Study.com Member.f the condition precedent does not happen, there is no legal duty owed and the contract is no longer effective. The condition precedent clause can be written in any variety of ways. There is no one correct way to draft a condition precedent clause. To unlock this lesson you must be a Study.com Member.