n. a phrase often used in contracts which in effect says: the specified time and dates in this agreement are vital and thus mandatory, and "we mean it." Therefore any delay-reasonable or not, slight or not-will be grounds for cancelling the agreement.
Found on
http://dictionary.law.com/Default.xhtml?selected=2126
Is a phrase in a purchase contract which indicates a specific period of time in which an act must be performed.
Found on
http://www.encyclo.co.uk/local/20965
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.
Found on
http://www.encyclo.co.uk/local/21213
A phrase often used in contracts to emphasize that any delays will be grounds for termination.
Found on
http://www.nolo.com/dictionary/time-is-of-the-essence-term.html
Is a clause which asserts that there will not be any change in the settlement or timing of a transaction.
Found on
http://www.oasismanagement.com/glossary/
No exact match found.
