Example usage
The agreement was conditional on work commencing on the first of the month.
noun
An agreement which depends on a certain thing happening in the future. If the event does not happen the agreement will not start to operate.
The agreement was conditional on work commencing on the first of the month.
An agreement which is not binding until a contract has been signed.
Prevents a party to a contract unfairly limiting their liability. The Unfair Contract Terms Act 1977 was passed to control unfair exclusion clauses. In particular, in a case where someone had been killed or injured because of someone else's negligence the act prevented a contract limiting the negligent person's liability.
Source: Plain English Campaign