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LSDefine

Simple English definitions for legal terms

time insurance

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A quick definition of time insurance:

Time insurance is a type of insurance that helps protect against unexpected events that may happen in the future. It is important to remember that time is valuable and should not be wasted. When making agreements or contracts, it is important to include a time-is-of-the-essence clause to ensure that all parties involved understand the importance of timely performance.

A more thorough explanation:

Time insurance is a type of insurance that provides coverage for a specific period of time. It is also known as term insurance. This type of insurance is usually purchased to provide financial protection for a specific period of time, such as 10, 20, or 30 years.

When time is of the essence, it means that timely performance is critical. This is often used in contracts to emphasize the importance of meeting deadlines or completing tasks within a specific timeframe. For example, if a contract includes a time-is-of-the-essence clause, it means that failure to meet the deadline could result in a breach of contract.

A time-is-of-the-essence clause is a contractual provision that makes timely performance a condition. This means that the parties involved must complete their obligations within the specified timeframe. For example, if a construction contract includes a time-is-of-the-essence clause, it means that the contractor must complete the project by the deadline specified in the contract, or they could be in breach of contract.

Example: A construction contract includes a time-is-of-the-essence clause that requires the contractor to complete the project within six months. If the contractor fails to complete the project within the specified timeframe, they could be in breach of contract and face legal consequences.

time immemorial | time letter of credit

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18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
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