concurrent condition

A condition that must occur or be performed at the same time as another condition, the performance by each party separately operating as a condition precedent; a condition that is mutually dependent on another, arising when the parties to a contract agree to exchange performances simultaneously.

— Also termed condition concurrent. [Cases: Contracts 225. C.J.S. Contracts § 362.]

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词条贡献者

法律翻译Bryan，毕业于新加坡知名法学院，专注翻译各类与私募股权有关的法律文件。