18:51
medicine is a scam
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
dissolving condition
Read a random definition: forward market
A quick definition of dissolving condition:
DISSOLVING CONDITION: A dissolving condition is a type of condition that is also known as a resolutory condition. It means that the condition will be fulfilled at some point in the future, and when it is fulfilled, the original agreement or contract will be dissolved or terminated. For example, if a contract states that it will be terminated once a certain event occurs, that event is a dissolving condition.
DISSUADE: To dissuade means to convince someone not to do something. It is when you try to persuade someone to change their mind about doing something that you believe is not a good idea. For instance, if your friend wants to jump off a high cliff into the water, you might try to dissuade them by explaining the dangers and risks involved in such an action.
A more thorough explanation:
A dissolving condition is a type of resolutory condition. It means that a contract or agreement will be terminated or dissolved if a certain condition is met.
John and Jane sign a lease agreement for an apartment. The agreement includes a dissolving condition that states the lease will be terminated if the apartment building is destroyed by a natural disaster. A few months later, a tornado hits the building and destroys it. The dissolving condition is met, and the lease agreement is terminated.
In this example, the dissolving condition is the destruction of the apartment building by a natural disaster. Once this condition is met, the lease agreement is dissolved.
To dissuade means to persuade someone not to do something.
Tom wants to drop out of school, but his parents try to dissuade him by explaining the importance of education and the negative consequences of not having a degree.
In this example, Tom's parents are trying to dissuade him from dropping out of school by persuading him to continue his education.