A contingent contract is a legal agreement in which the terms and conditions only apply or take effect if a specific event occurs. Essentially, the parties involved agree to perform actions or obligations based on the occurrence or non-occurrence of a particular event in the future.
The most common contingency is the home inspection contingency. This condition on an offer states the home sale will only be finalized if the property passes a professional home inspection. In other words, buyers can walk away from a home sale if the home inspection turns up serious problems.
A contingency clause should clearly outline the conditions, how the conditions are to be fulfilled, and which party is responsible for fulfilling them. The clause should also provide a timeframe for what happens if the condition is not met.
In psychology, contingency contracting is used to create a contract between the therapist and the individual seeking help. The contract outlines the specific behaviors or goals that the individual wants to achieve. The therapist outlines the reward system that will be used to reinforce the desired behavior.
Contingency Contract #12 – Operation Basepoint, often simply known as Contingency Contract #12 (CC12) or Contingency Contract Basepoint (C.C. Basepoint), is the fourteenth and final season of the namesake seasonal event in Arknights.
If the party required to satisfy the contingency clause is unable to do so, the other party is released from its obligations. When buying a home, contingency clauses can include property improvements or passing inspection must be done; otherwise, the buyer can back out of the contract.
A behavior contract, also known as a contingency contract, is a written agreement between an individual with autism and their caregiver or ABA professional.
Contingent contracts to do or not to do anything if an uncertain future event happens cannot be enforced by law unless and until that event has happened. If the event becomes impossible, such contracts become void.
Contracts for the Rotating Site changes as the operation rotates, and from C.C. Barrenland, must be unlocked by clearing the respective operation with a certain threshold of Risk: Clearing the operation for the first time unlocks all Level 1 Contracts. Clearing the operation with Risk 2 unlocks all Level 2 Contracts.