"Time is of the essence" makes time limits set forth in a contract strictly enforceable.

Name: "Time is of the essence" makes time limits set forth in a contract strictly enforceable.
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"Time is of the essence" is a legal term that emphasizes the importance of adhering to the time limits specified in a contract. It makes these time limits strictly enforceable and failure to comply with them can result in a breach of contract.

"Time Is of the Essence" Makes Time Limits Set Forth