Conditions subsequent are at the other end of the contract to conditions precedent: termination.
The happening of an event either terminates an obligation to perform part of the contract, or ends the contract altogether.
The comments under the heading Conditions Precedent apply equally to conditions subsequent.
Examples Conditions Subsequent
This Agreement shall terminate:
- if the supplier is no longer entitled to sublicence use of the software in accordance with this agreement
- in the event that licensor of the intellectual property to the supplier is terminated by its third party licensor.
- upon a Force Majeure Event [Force Majeure Event would be defined elsewhere in the contract]