What is a key requirement of a Conditional Contract?

A key requirement of a conditional contract is that certain conditions must be met by both parties involved for the contract to become effective or for obligations to be fulfilled. This means that the performance of the contract is dependent on the occurrence of specified events or conditions. For instance, in a conditional sales contract, the seller's obligation to deliver goods may hinge on the buyer securing financing. Both parties have responsibilities tied to these conditions, and if the conditions are not met, the contract may not be valid or enforceable. This aspect distinguishes conditional contracts from other types that may not have such requirements for performance.