Time of the essence | Practical Law

Time of the essence | Practical Law

A boilerplate time of the essence clause providing drastic consequences for missing a specified contractual time limit: that is, the loss of a right not exercised in time or termination for delay in performing a duty.

Time of the essence

Practical Law UK Standard Clause 5-107-3818 (Approx. 7 pages)

Time of the essence

by Practical Law Commercial
Maintained • , England, Wales
A boilerplate time of the essence clause providing drastic consequences for missing a specified contractual time limit: that is, the loss of a right not exercised in time or termination for delay in performing a duty.