time is of the essence

Time is a key consideration in this situation (often because time is limited or a specific deadline must be met). Has anyone called an ambulance? Time is of the essence with this man's injuries! We have to get these pages to the printer by 8, so work faster, people—time is of the essence!See also: essence, of, time

Time is of the essence.

Timing and meeting all the deadlines are essential and required. (Often seen in contractual agreements.) The final payment is due on the first day of December, by midnight. Time is of the essence.See also: essence, of, time

Time is of the Essence

A phrase in a contract that means that performance by one party at or within the period specified in the contract is necessary to enable that party to require performance by the other party.

Failure to act within the time required constitutes a breach of the contract. The general rule is that time is not of the essence unless the contract expressly so provides. As a result, with respect to real estate transactions, the modern view is that time is not of the essence unless the parties have manifested such an intent. The same is generally true in construction contracts and in contracts relating to the manufacture of goods. When time is not of the essence, courts generally permit parties to perform their obligations within a reasonable time.

time is of the essence

n. a phrase often used in contracts, which, in effect says: the specified time and dates in this agreement are vital and thus, mandatory, and "we mean it." Therefore, any delay, reasonable or not, slight or not, will be grounds for cancelling the agreement. (See: contract)

time is of the essence

Time is of the Essence

A clause in a contract indicating that an unnecessary delay in the execution of a contract constitutes breach of contract. The delay is only a breach if it causes material harm to the contract.

time is of the essence

An expression that often appears in contracts and leases.It is intended to nullify the typical rule that one may have a reasonable amount of time after passage of a deadline in order to do the thing required.If the writing contains a time is of the essence clause,then failure to perform by the deadline will be a noncurable default.

单词	time is of the essence
释义	time is of the essence time is of the essence Time is a key consideration in this situation (often because time is limited or a specific deadline must be met). Has anyone called an ambulance? Time is of the essence with this man's injuries! We have to get these pages to the printer by 8, so work faster, people—time is of the essence!See also: essence, of, time Time is of the essence. Timing and meeting all the deadlines are essential and required. (Often seen in contractual agreements.) The final payment is due on the first day of December, by midnight. Time is of the essence.See also: essence, of, time Time is of the Essence Time is of the Essence A phrase in a contract that means that performance by one party at or within the period specified in the contract is necessary to enable that party to require performance by the other party. Failure to act within the time required constitutes a breach of the contract. The general rule is that time is not of the essence unless the contract expressly so provides. As a result, with respect to real estate transactions, the modern view is that time is not of the essence unless the parties have manifested such an intent. The same is generally true in construction contracts and in contracts relating to the manufacture of goods. When time is not of the essence, courts generally permit parties to perform their obligations within a reasonable time. time is of the essence n. a phrase often used in contracts, which, in effect says: the specified time and dates in this agreement are vital and thus, mandatory, and "we mean it." Therefore, any delay, reasonable or not, slight or not, will be grounds for cancelling the agreement. (See: contract) time is of the essence Time is of the Essence A clause in a contract indicating that an unnecessary delay in the execution of a contract constitutes breach of contract. The delay is only a breach if it causes material harm to the contract. time is of the essence An expression that often appears in contracts and leases.It is intended to nullify the typical rule that one may have a reasonable amount of time after passage of a deadline in order to do the thing required.If the writing contains a time is of the essence clause,then failure to perform by the deadline will be a noncurable default. See TOTE See TOTE
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