Saskatchewan REALTORS Association standard forms list the common conditions separately so each one carries its own deadline, and a buyer who wants out before that deadline can walk away without penalty, which is the entire point of using one.
A financing condition protects a buyer whose mortgage approval falls through, while an inspection condition, tied to a home inspection that typically runs $400 to $600, protects against a structural or mechanical surprise the buyer did not agree to buy.
Removing a condition is not automatic. It takes a signed waiver, usually drafted by your lawyer, and until that waiver is signed either side can still walk from the deal. Get your hand-reviewed valuation from Joel Dyck.