Determining Contract Terms

Question 1

Parole Evidence Rule

Answer 1

In general, the parole evidence rule bars prior or contemporaneous extrinsic (or oral) evidence contradicting a written agreement which was intended to be the final and exclusive embodiment of the parties’ agreement.

Question 2

Parole Evidence Rule/Condition Precedent

Answer 2

Showing a condition precedent is one exception to the parole evidence rule. A condition precedent means performance is not obligated unless the condition occurs.