Time Is Of The Essence Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Time Is Of The Essence, written in plain English, along with examples of how it is used.
What is Time Is Of The Essence?
It is a statement used in contract or agreements and meant to specify that the time and dates mentioned in contract are very important to maintain and should not be ignored by any of the party under any circumstances. The agreement is liable for cancellation if there is a delay of any form.