What is the effect of having a condition precedent when an agreement is not in place?
Alberta, Canada
The following excerpt is from Castledowns Law Office Management Ltd. v. 1131102 Alberta Ltd., 2007 ABQB 404 (CanLII):
This type of condition is a true condition precedent: no agreement is consummated unless the condition is removed. (Rahall v. Tait, 2006 ABQB 587, [2006] A.J. No. 1066, at para. 59).
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