toteutumisedellytykset
Toteutumisedellytykset is a legal term used in Finnish civil law to describe conditions that must be fulfilled for a contract or obligation to become operative or for a particular right to arise. In English, these are commonly referred to as conditions of fulfillment or conditions precedent, though the concept may also include elements akin to conditions subsequent in some contexts.
The core purpose of toteutumisedellytykset is to allocate risk and create contingencies. They prevent premature performance
In practice, toteutumisedellytykset can function as suspensive (conditions precedent) that must be satisfied before a contract
A clause setting a toteutumisedellytys typically specifies the triggering event, the deadline for fulfillment, how fulfillment
These conditions are commonly used in real estate transactions, financing, procurement, and other contracts where external
See also: Condition (law), Condition precedent, Condition subsequent, Finnish contract law.