Terms & Conditions

Article 45

The parties may agree conditions in relation to the effectiveness of a contract. A contract subject to a condition precedent becomes effective when such condition is satisfied. A contract subject to a condition subsequent loses effect when such condition is satisfied.

If a party improperly obstructs the satisfaction of a condition to further its own interests, the condition is deemed to have been satisfied; if a party improperly facilitates the satisfaction of a condition, the condition is deemed not to have been satisfied.