A time of the essence clause simply means that the parties included in their contract a date for performance.

Name: A time of the essence clause simply means that the parties included in their contract a date for performance.
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A "time of the essence" clause means that the specified time and dates in the contract are vital and essential, and any delay may be considered a breach of contract. It is more than just including a date for performance.

A Time of the Essence Clause Simply Means That the Parties