Elements of contracts that must be met or cleared before a contract can be enforced are called

The term that best describes elements of contracts that must be met or cleared before a contract can be enforced is "contingencies." Contingencies are specific conditions or requirements that must be fulfilled for the contract to remain valid and enforceable. This can include a variety of factors, such as obtaining financing, passing inspections, or satisfying regulatory requirements. If the specified contingencies are not met, the parties may have the right to terminate the contract without penalties.

Contingencies provide a level of protection to the parties involved in a contract, as they allow for certain conditions to be assessed and addressed before the contract is deemed fully binding. This ensures that all parties are aware of any potential issues that could affect their agreement and can make informed decisions based on those conditions.

In contrast, provisions refer to specific clauses within a contract that define the terms and obligations of the parties. Boilerplate consists of standard legal language that is commonly included in contracts, but it does not specifically address the elements that need to be met for enforcement. Regulations refer to laws or rules set by governmental authorities that govern the behavior of individuals or businesses. These are broader and external to the contract itself. Thus, "contingencies" is the correct answer as it directly relates to the enforce