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good morning everyone jackie here uh join jackie on mondays at 10 sorry im about 15 minutes late uh today we are talking about what is a conditional contract and its easy to talk about um contracts in terms of buying and selling real estate because its a transaction that a lot of people understand so ill use that as an example but basically a conditional contract is where youve entered into a contract but given yourself some thing that needs to be met before youre bound by the contract right so um the typical process if you are purchasing a piece of real estate is that you might make the purchase conditional on you getting finance approval now where a condition cannot be met its usually got a time frame where it needs to be met by so if you cant meet it by that date then you you have the choice of continuing with the contract um or ending it if you end it more than likely youll get your deposit back certainly in the example that im using um sometimes in some contracts not gen