# Condition Subsequent Agreement
**This Condition Subsequent Agreement ("Agreement") is made and entered into as of [Date] by and between:**
**[Party A Name]**
Address: [Party A Address]
City, State, Zip: [City, State, Zip]
Email: [Party A Email]
("Party A")
**AND**
**[Party B Name]**
Address: [Party B Address]
City, State, Zip: [City, State, Zip]
Email: [Party B Email]
("Party B")
**Collectively referred to as the "Parties".**
---
## 1. **Recitals**
WHEREAS, the Parties wish to enter into an agreement regarding [brief description of the subject matter]; and
WHEREAS, the Parties acknowledge that this Agreement may contain certain conditions subsequent that could affect the obligations of each Party.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties agree as follows:
## 2. **Definitions**
For the purposes of this Agreement, the following definitions shall apply:
- **"Condition Subsequent"** refers to an event or a state of affairs that, if it occurs, will terminate or alter the obligations of one or both Parties under this Agreement.
- **"Effective Date"** refers to the date this Agreement is executed by both Parties.
## 3. **Conditions Subsequent**
The following conditions subsequent are hereby established:
1. **[Condition 1 Description]**
If [description of condition], then [description of the effect on obligations, e.g., termination of agreement, modification of terms, etc.].
2. **[Condition 2 Description]**
If [description of condition], then [description of the effect on obligations, e.g., termination of agreement, modification of terms, etc.].
3. **[Additional Conditions as Applicable]**
## 4. **Notification of Conditions**
Each Party shall notify the other Party in writing within [number] days of becoming aware of the occurrence of any condition subsequent set forth above.
## 5. **Effect of Conditions**
Upon the occurrence of any condition subsequent:
- The obligations of the affected Party will cease or be modified as specified in Section 3.
- The non-affected Party may seek remedies as available under applicable law.
## 6. **Termination**
This Agreement shall automatically terminate upon the occurrence of any condition subsequent defined herein unless otherwise agreed in writing by both Parties.
## 7. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles.
## 8. **Entire Agreement**
This Agreement constitutes the entire understanding between the Parties concerning its subject matter and supersedes all prior negotiations, agreements, and understandings.
## 9. **Amendments**
Any amendments or modifications to this Agreement must be made in writing and signed by both Parties.
## 10. **Counterparts**
This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.
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**IN WITNESS WHEREOF**, the Parties have executed this Condition Subsequent Agreement as of the date first above written.
**[Party A Name]**
Signature: ________________________
Name: [Print Name]
Title: [Print Title]
Date: _____________________________
**[Party B Name]**
Signature: ________________________
Name: [Print Name]
Title: [Print Title]
Date: _____________________________
---
**Note:** This is a general template. Please consult a legal professional to tailor this agreement to fit specific needs and legal standards.