Time is of the Essence

Concept of Time is of The Essence in the context of Real Property

A short definition of Time is of The Essence: Clause used in contracts to bind one party to performance at or by a specified time in order to bind the other party to performance.

Concept of Time is of The Essence in the context of Real Property

A short definition of Time is of The Essence: Clause used in contracts to bind one party to performance at or by a specified time in order to bind the other party to performance.