For example, if a person has entered into a contract with another person, that the first person would pay the US$500 when arriving at a given location at a given time, this would be considered an addiction to a particular event. If the second person arrived on site within the set deadline, the first person would be contractually obliged to pay them the $US 500. A frequent example of a potential contract is a contingency clause in an employment contract that may stipulate that the conditions are only valid if the person can pass a substantive examination or drug test before adopting the position. “A potential contract is a contract to do something or not to do it when such a contract is or is not event security.” Illustration: X promises to pay $100,000 when he marries Z, the prettiest girl in the neighborhood. It is a possible contract. Unfortunately, Z dies in a car accident. Since the event of the event is no longer possible, the contract is inconclusive. Contingency contracts have several advantages for those who choose to conclude them. One of the advantages is that the need to reach an agreement immediately is removed or allows both parties to bet on what they predict. Contingency contracts allow obligations to prevail by eliminating the need to renegotiate or adapt situations. In addition, this type of contract may limit the need for future litigation, since the terms of what will happen in response to a particular event are clearly defined in the agreement.
The provisions contained in emergency agreements depend on the nature of the contract, the laws of the State and the interests of the contracting parties. Treaties should be as clear as possible with regard to contingencies. For example, an agreement on contingency costs – most often in personal injury actions – may state that attorneys` fees are 30% of all funds recovered or, alternatively, 33% after all expenses in the case have been paid. 6. The prospective infringement theory applies to contingency contracts. .