Garg & Associates PC
The Woodlands Business Lawyers, Commercial litigation, business formations, contract diputes. Serving The Woodlands, Conroe, Humble, Kingwood, Cypress, Huntsville and Houston in Texas.
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Business Law & Commercial Litigation

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By the Business Attorneys at Garg & Associates, PC, serving The Woodlands, Spring, Houston, Conroe, Humble, Kingwood, Tomball, Cypress, Huntsville, Westchase, Southwest, Sugar Land, West Oaks, Alief, Memorial, River Oaks, Stafford, Katy, and Missouri City.

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What does “time is of the essence” mean?

A contract that contains the language “time is of the essence” has set forth that specific event must occur by a date certain. In this instance, if the time frame is not met, the non-performing has materially breached the contract and could be responsible for the other party’s damages, if any. Most contracts do not contain time is of the essence clauses and the time for performance is determined to be “within a reasonable time.”

 

Call Garg and Associates today at 281-362-2865 or complete our Contact Form and let us assist you with your business law services and litigation needs.