Where no express agreement has been reached between the parties, the Standard Contractual Conditions1 provide that completion is to take place on the twentieth working day after exchange.
Time is not of the essence of the completion date under the Standard Contractual Conditions2, unless a notice to complete has been served3. A delay in completion beyond the contractual completion date fixed would, however, give rise to a claim in damages4 and the payment of compensation5, but does not by itself entitle the innocent party to repudiate the contract6. At common law time is impliedly of the essence where the nature
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234