Subject to Sale
This contract is subject to and conditional upon the Buyer obtaining a contract on {insert address} within {x} days of the date of this contract and settling same on or before 30 days from the date that contract is entered into and such settlement to be contemporaneous with this contract
Subject to Sale and Unconditional
1.0 Buyer Entering Contract of Sale
1.1 This contract is subject to and conditional upon the Buyers entering into a contract, on terms satisfactory to the Buyers, for the sale the Buyer’s property at [property address] on or before 60 days from the date hereof(hereinafter referred to as “the prior contract”). In the event that the Buyers do not enter into a prior contract by this date, or relevant extensions agreed upon, the Buyers may terminate this Contract by notice to the Seller given in accordance with the Terms of Contract, and this Contract shall be at an end and the Deposit must be promptly refunded without deduction.
1.2 In the event that special condition 1.1 is satisfied, then this contract is also subject to and conditional upon the prior contract becoming unconditional within 30 days of the date of the prior contract. In the event that the prior contract does not become unconditional as required herein, the Buyers may terminate this Contract by notice to the Seller given in accordance with the Terms of Contract, and this contract shall be at an end and the Deposit must be promptly refunded without deduction.
1.3 In the event that special conditions 1.1 and 1.2 are satisfied, then this contract is also subject to and conditional upon the settlement of the prior contract on or before 30 days from the date of the prior contract. In the event that the prior sale does not settle for any reason, the Buyers may terminate by notice to the Seller given in accordance with the Terms of Contract, and this contract shall be at an end and the Deposit must be promptly refunded without deduction.
1.4 The Seller hereby acknowledges that this special condition is for the benefit of the Buyers only and can only be waived or exercised by the Buyers.
2.0 Contemporaneous Settlement
2.1 Settlement of this Contract shall be effected contemporaneously with the buyers prior sale contract.
OR
Termination Backup Contract Clause
This Contract is subject to and conditional upon the lawful termination of a prior contract entered between the Sellers for the property within seven (7) days from the date of this Contract. In the event that the Sellers are unable to lawfully terminate prior contract, the Sellers may terminate this contract and all deposit moneys paid shall be refunded in full without deduction.
Buyer Completing Prior Contract
This contract is subject to and conditional on the Buyer completing the Contract of Sale for (insert street address of property) dated (insert date of contract) made between (insert name of seller) as Seller and (insert name of Buyer) as Buyer (hereinafter referred to as the “prior contract”) prior to settlement of this contract. In the event that the prior contract does not complete then the Buyer may terminate this contract by notice to the Seller and this contract shall be at an end and all deposit monies shall be refunded in full to the Buyer.