diff --git a/src/conditions/base/contract.ts b/src/conditions/base/contract.ts
index 83a13b6ae..c4221e1da 100644
--- a/src/conditions/base/contract.ts
+++ b/src/conditions/base/contract.ts
@@ -1,3 +1,4 @@
+import { ethers } from 'ethers';
 import Joi from 'joi';
 
 import { ETH_ADDRESS_REGEXP } from '../const';
@@ -6,31 +7,58 @@ import { RpcCondition, rpcConditionRecord } from './rpc';
 
 export const STANDARD_CONTRACT_TYPES = ['ERC20', 'ERC721'];
 
-const functionAbiVariable = Joi.object({
-  internalType: Joi.string(), // TODO is this needed?
-  name: Joi.string().required(),
-  type: Joi.string().required(),
-});
-
 const functionAbiSchema = Joi.object({
   name: Joi.string().required(),
   type: Joi.string().valid('function').required(),
-  inputs: Joi.array().items(functionAbiVariable),
-  outputs: Joi.array().items(functionAbiVariable),
-  // TODO: Should we restrict this to 'view'?
-  stateMutability: Joi.string(),
+  inputs: Joi.array(),
+  outputs: Joi.array(),
+  stateMutability: Joi.string().valid('view', 'pure').required(),
 }).custom((functionAbi, helper) => {
+  // Is `functionABI` a valid function fragment?
+  let asInterface;
+  try {
+    asInterface = new ethers.utils.Interface([functionAbi]);
+  } catch (e: unknown) {
+    const { message } = e as Error;
+    return helper.message({
+      custom: message,
+    });
+  }
+
+  if (!asInterface.functions) {
+    return helper.message({
+      custom: '"functionAbi" is missing a function fragment',
+    });
+  }
+
+  if (Object.values(asInterface.functions).length !== 1) {
+    return helper.message({
+      custom: '"functionAbi" must contain exactly one function fragment',
+    });
+  }
+
+  // Now we just need to validate against the parent schema
   // Validate method name
   const method = helper.state.ancestors[0].method;
-  if (functionAbi.name !== method) {
+
+  let functionFragment;
+  try {
+    functionFragment = asInterface.getFunction(method);
+  } catch (e) {
+    return helper.message({
+      custom: `"functionAbi" has no matching function for "${method}"`,
+    });
+  }
+
+  if (!functionFragment) {
     return helper.message({
-      custom: '"method" must be the same as "functionAbi.name"',
+      custom: `"functionAbi" not valid for method: "${method}"`,
     });
   }
 
   // Validate nr of parameters
   const parameters = helper.state.ancestors[0].parameters;
-  if (functionAbi.inputs?.length !== parameters.length) {
+  if (functionFragment.inputs.length !== parameters.length) {
     return helper.message({
       custom: '"parameters" must have the same length as "functionAbi.inputs"',
     });
@@ -39,7 +67,7 @@ const functionAbiSchema = Joi.object({
   return functionAbi;
 });
 
-export const contractConditionRecord: Record<string, Joi.Schema> = {
+export const contractConditionRecord = {
   ...rpcConditionRecord,
   contractAddress: Joi.string().pattern(ETH_ADDRESS_REGEXP).required(),
   standardContractType: Joi.string()
diff --git a/test/unit/conditions/base/contract.test.ts b/test/unit/conditions/base/contract.test.ts
index 25fdddd8b..ee988bbb6 100644
--- a/test/unit/conditions/base/contract.test.ts
+++ b/test/unit/conditions/base/contract.test.ts
@@ -7,7 +7,7 @@ import {
 import { ContractCondition } from '../../../../src/conditions/base';
 import { USER_ADDRESS_PARAM } from '../../../../src/conditions/const';
 import { fakeWeb3Provider } from '../../../utils';
-import { testContractConditionObj } from '../../testVariables';
+import { testContractConditionObj, testFunctionAbi } from '../../testVariables';
 
 describe('validation', () => {
   it('accepts on a valid schema', () => {
@@ -103,30 +103,10 @@ describe('accepts either standardContractType or functionAbi but not both or non
 });
 
 describe('supports custom function abi', () => {
-  const fakeFunctionAbi = {
-    name: 'myFunction',
-    type: 'function',
-    inputs: [
-      {
-        name: 'account',
-        type: 'address',
-      },
-      {
-        name: 'myCustomParam',
-        type: 'uint256',
-      },
-    ],
-    outputs: [
-      {
-        name: 'someValue',
-        type: 'uint256',
-      },
-    ],
-  };
   const contractConditionObj = {
     ...testContractConditionObj,
     standardContractType: undefined,
-    functionAbi: fakeFunctionAbi,
+    functionAbi: testFunctionAbi,
     method: 'myFunction',
     parameters: [USER_ADDRESS_PARAM, ':customParam'],
     returnValueTest: {
@@ -143,7 +123,7 @@ describe('supports custom function abi', () => {
   const customParams: Record<string, CustomContextParam> = {};
   customParams[myCustomParam] = 1234;
 
-  it('accepts custom function abi', async () => {
+  it('accepts custom function abi with a custom parameter', async () => {
     const asJson = await conditionContext
       .withCustomParams(customParams)
       .toJson();
@@ -151,4 +131,109 @@ describe('supports custom function abi', () => {
     expect(asJson).toContain(USER_ADDRESS_PARAM);
     expect(asJson).toContain(myCustomParam);
   });
+
+  it.each([
+    {
+      method: 'balanceOf',
+      functionAbi: {
+        name: 'balanceOf',
+        type: 'function',
+        inputs: [{ name: '_owner', type: 'address' }],
+        outputs: [{ name: 'balance', type: 'uint256' }],
+        stateMutability: 'view',
+      },
+    },
+    {
+      method: 'get',
+      functionAbi: {
+        name: 'get',
+        type: 'function',
+        inputs: [],
+        outputs: [],
+        stateMutability: 'pure',
+      },
+    },
+  ])('accepts well-formed functionAbi', ({ method, functionAbi }) => {
+    expect(() =>
+      new ContractCondition({
+        ...contractConditionObj,
+        parameters: functionAbi.inputs.map(
+          (input) => `fake_parameter_${input}`
+        ), //
+        functionAbi,
+        method,
+      }).toObj()
+    ).not.toThrow();
+  });
+
+  it.each([
+    {
+      method: '1234',
+      expectedError: '"functionAbi.name" must be a string',
+      functionAbi: {
+        name: 1234, // invalid value
+        type: 'function',
+        inputs: [{ name: '_owner', type: 'address' }],
+        outputs: [{ name: 'balance', type: 'uint256' }],
+        stateMutability: 'view',
+      },
+    },
+    {
+      method: 'transfer',
+      expectedError: '"functionAbi.inputs" must be an array',
+      functionAbi: {
+        name: 'transfer',
+        type: 'function',
+        inputs: 'invalid value', // invalid value
+        outputs: [{ name: '_status', type: 'bool' }],
+        stateMutability: 'pure',
+      },
+    },
+    {
+      method: 'get',
+      expectedError:
+        '"functionAbi.stateMutability" must be one of [view, pure]',
+      functionAbi: {
+        name: 'get',
+        type: 'function',
+        inputs: [],
+        outputs: [],
+        stateMutability: 'invalid', // invalid value
+      },
+    },
+    {
+      method: 'test',
+      expectedError: '"functionAbi.outputs" must be an array',
+      functionAbi: {
+        name: 'test',
+        type: 'function',
+        inputs: [],
+        outputs: 'invalid value', // Invalid value
+        stateMutability: 'pure',
+      },
+    },
+    {
+      method: 'calculatePow',
+      expectedError:
+        'Invalid condition: "parameters" must have the same length as "functionAbi.inputs"',
+      functionAbi: {
+        name: 'calculatePow',
+        type: 'function',
+        // 'inputs': []   // Missing inputs array
+        outputs: [{ name: 'result', type: 'uint256' }],
+        stateMutability: 'view',
+      },
+    },
+  ])(
+    'rejects malformed functionAbi',
+    ({ method, expectedError, functionAbi }) => {
+      expect(() =>
+        new ContractCondition({
+          ...contractConditionObj,
+          functionAbi,
+          method,
+        }).toObj()
+      ).toThrow(expectedError);
+    }
+  );
 });
diff --git a/test/unit/testVariables.ts b/test/unit/testVariables.ts
index ef943513a..36031e816 100644
--- a/test/unit/testVariables.ts
+++ b/test/unit/testVariables.ts
@@ -48,6 +48,7 @@ export const testContractConditionObj = {
 export const testFunctionAbi = {
   name: 'myFunction',
   type: 'function',
+  stateMutability: 'view',
   inputs: [
     {
       internalType: 'address',
@@ -67,5 +68,4 @@ export const testFunctionAbi = {
       type: 'uint256',
     },
   ],
-  stateMutability: 'view',
 };