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2023-04-23 22:06:24

agoristesq on Nostr: #contracttermoftheday #grownostr One thing I have talked about doing on the podcast ...

#contracttermoftheday #grownostr
One thing I have talked about doing on the podcast is a “contract term of the day,” I just haven’t found the time. So…here it is. It’s going to be exclusively Nostr content for now. Today? “Time is of the Essence.” What does that mean? Well, generally a contract has timeframes and dates where each party has to perform, but if there are some circumstances beyond your control a little bit of schedule shift is probably ok. But what happens if it says “Time is of the Essence”? DUN DUN DUN

It means you better hit your deadlines, come hell or high water. It means dates are material components of the contract, and if you miss your dates, you are in breach of your contract. Now, what THAT means depends on what the termination language in your contract says…and a post for another day.

Just know that if you have “Time is of the Essence,” in your contract, you better hit your deadlines. #agoristattorney #agoristlaw
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