time of the essence


time of the essence
When a clause in a contract (normally related to a time deadline) is made "of the essence", it means that the innocent party can claim immediately if the relevant provision is broken without having to give any notice or allow a period for compliance. This is often used where the aggrieved party wants to be able to terminate a contract for non-compliance rather than merely claiming can only normally claim damages for losses he suffers due to the delay. If a term is not of the essence, a new deadline would need to be set which would then be made of the essence.

Easyform Glossary of Law Terms. — UK law terms.


time of the essence
England
A boilerplate clause that makes time limits in the contract an essential condition of the contract in relation to specified matters.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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