conditional payment clause
A conditional payment clause is a provision in a contract, such as a construction contract, that conditions payment on some other event.
conditional payment clause
A conditional payment clause is a provision in a contract, such as a construction contract, that conditions payment on some other event.
Additional Information
For example, a general contractor may include a clause that conditions its payment of subcontractors on receiving payment from the project owner. States vary with respect to the enforceability of conditional payment clauses.
Synonyms
pay when paid clause
