What Is the Difference Between a Trigger and a Routine

question 49

Essay

What is the difference between a trigger and a routine?

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Definitions:

Conditions Precedent

Specific conditions outlined in a contract that must be met before the contract becomes legally binding or before a party is obligated to perform their part of the agreement.

Mandatory Conditions

Requirements or clauses within a contract or legal provision that are compulsory and enforceable, requiring strict adherence by all parties involved.

Equity Securities

Financial assets representing ownership interest in a company, such as stocks.

Common Shares

Equity securities that signify ownership in a corporation and entitle the holder to a vote at shareholders' meetings and to receive dividends.