# Condition Precedent Agreement
**THIS CONDITION PRECEDENT AGREEMENT** (the "Agreement") is made and entered into as of the ___ day of __________, 20___ (the "Effective Date"), by and between:
**Party A:**
[Name of Party A]
[Address of Party A]
[Contact Information]
**Party B:**
[Name of Party B]
[Address of Party B]
[Contact Information]
**RECITALS**
WHEREAS, Party A and Party B (collectively referred to as the "Parties") desire to enter into a relationship related to [description of the subject matter, e.g., a real estate transaction, investment, a service agreement, etc.];
WHEREAS, the Parties acknowledge that certain conditions (the "Condition Precedent") must be fulfilled prior to the execution of a definitive agreement (the "Definitive Agreement") between the Parties;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties agree as follows:
## 1. Condition Precedent
The effectiveness of this Agreement and the obligation of the Parties to enter into the Definitive Agreement is contingent upon the satisfaction of the following conditions:
1.1 [Condition 1: Describe any specific condition, e.g., obtaining necessary approvals, permits, licenses, etc.]
1.2 [Condition 2: Describe any additional condition]
1.3 [Condition 3: Describe any further conditions]
## 2. Timeline for Fulfillment
2.1 The Parties agree that the Conditions Precedent must be fulfilled on or before [insert specific date] (the "Fulfillment Date"). If the Conditions Precedent are not fulfilled by the Fulfillment Date, this Agreement shall terminate automatically without further obligation by either Party.
## 3. Notification
3.1 Each Party agrees to promptly notify the other Party upon the fulfillment or non-fulfillment of any Condition Precedent. Any notifications must be in writing and delivered to the addresses provided above.
## 4. Good Faith Efforts
4.1 The Parties agree to use their best efforts to fulfill the Conditions Precedent and to cooperate with each other in achieving satisfaction of the Conditions Precedent as soon as practicable.
## 5. Governing Law
5.1 This Agreement shall be governed by, and construed in accordance with, the laws of the State of [insert applicable state], without regard to its conflict of laws principles.
## 6. Miscellaneous
6.1 **Entire Agreement**: This Agreement constitutes the entire understanding between the Parties with respect to the subject matter hereof and supersedes all prior agreements, negotiations, and understandings.
6.2 **Amendments**: This Agreement may not be amended or modified except by a written agreement signed by both Parties.
6.3 **Severability**: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
6.4 **Binding Effect**: This Agreement shall inure to the benefit of and be binding upon the Parties and their respective successors and assigns.
IN WITNESS WHEREOF, the Parties hereto have executed this Condition Precedent Agreement as of the Effective Date.
**Party A**:
[Signature]
[Printed Name]
[Title]
**Party B**:
[Signature]
[Printed Name]
[Title]
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*Note: This is a template and should be customized to fit specific legal requirements and circumstances. It is advisable to consult with a qualified attorney when drafting legal documents.*