An analysis on the power to unilaterally waive conditions precedent by the contracting party

Abstract

This study examines the unilateral  power to unilaterally waive precedent conditions.  After describing the general framework of  the problem, it is concluded that, in the case of  contracts under the effect of a precedent condition,  in which the condition represents only  the exclusive interest of one of the parties, it is  possible to make the contract effective by unilaterally  waiving the precedent condition.