Legal Dictionary of Pakistan

concurrent condition

A condition that must occur or be performed at the same time as another condition, the performance by each party separately operating as a condition precedent; a condition that is mutually dependent on another, arising when the parties to a contract agree to exchange performances simultaneously. - Also termed condition concurrent"Conditions concurrent are acts that the parties to a contract are under duties of performing concurrently, the act of each party being separately operative as a condition precedent. The act is not concurrent with the legal relation affected, but only with the act of the other party." William R. Anson, Principles of the Law of Contract 412-13 (Arthur L. Corbin ed., 3d Am. ed. 1919).