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LSDefine

Simple English definitions for legal terms

time is of the essence

Read a random definition: utilitarian-deterrence theory

A quick definition of time is of the essence:

Term: Time is of the essence

Definition: When people make a promise to do something, they need to do it on time. If they don't do it on time, it can cause problems. "Time is of the essence" is a way to remind people that they need to do what they promised on time. For example, if someone promises to deliver something to another person, they need to do it on the day they promised. If they don't, it can cause problems for the person waiting for the delivery. So, "time is of the essence" means that timing is very important when people make promises to each other.

A more thorough explanation:

In a legal context, "time is of the essence" means that timing is very important to complete the obligations of a contract. This phrase is often included in the language of a contract to emphasize the importance of completing tasks on time.

Let's say you are buying a car from a dealership. The contract may include a clause that says "time is of the essence" for the delivery of the car. This means that the dealership must deliver the car to you on the agreed-upon date, and if they don't, they may be in breach of the contract.

Another example could be a construction contract. The contract may include a clause that says "time is of the essence" for the completion of the project. This means that the construction company must finish the project by the agreed-upon date, and if they don't, they may be in breach of the contract.

These examples illustrate how "time is of the essence" emphasizes the importance of completing tasks on time in a contract. It means that the parties involved must take timing seriously and complete their obligations on time.

TILA | time served

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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