Commentary

56.3 Clauses making time of essence

BOILERPLATE AND COMMERCIAL CLAUSES vol 4(3)
| Commentary

56.3 Clauses making time of essence

| Commentary

56.3 Clauses making time of essence

It is always preferable to indicate clearly in an agreement whether time is of the essence with regard to any of its terms or all of them. Normally, a party receiving payment or delivery of goods, under a term in the contract will seek to make time of the essence for such payment or delivery. The party who is to make the payment, or is under an obligation to make deliveries (possibly over a long distance) will seek to make time not of the essence. A party responsible for a successful, complete installation of

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