This Contract is conditional upon the Buyer obtaining a binding Contract for the sale of their property located at [insert property address], (“the Prior Sale”) within [insert number of days] from the Contract Date.
This Contract is subject to the settlement of the Prior Sale within [insert number of days] from the Contract Date.
The Settlement Date will be [contemporaneous with, or within X number of days] of the settlement of the Prior Sale.
The Buyer will notify the Seller as soon as practical after a contract for the Prior Sale is entered into and the relevant dates under it.
If the Buyer does not obtain a Prior Sale contract or if the Prior Sale fails to complete, the Buyer may, if the Buyer does not first waive the benefit of this condition, terminate this Contract and receive a refund of the Deposit paid, and neither party will have any further claim against the other.