määräehtojen
Määräehtojen is a Finnish term that translates to "conditions precedent" or "stipulated conditions" in English. It refers to a requirement that must be met before a legal obligation or contract becomes binding. These conditions are typically included in agreements to manage risk or to ensure that certain circumstances are in place before parties are committed to their contractual duties. For instance, a purchase agreement for a property might include a määräehto that the buyer must secure financing before the sale is finalized. If the buyer is unable to obtain the necessary loan, the condition is not met, and the agreement may become void.
The concept of määräehtojen is crucial in contract law, ensuring that parties have control over the commencement