Sonja Rice

Sonja Rice

Hahn Loeser & Parks LLP

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“Time is of the Essence” – or is it?

It seems that almost every construction contract contains a clause proclaiming that “time is of the essence.” But what exactly does that clause mean? And why is it important? Or is it?...more

10/27/2022  /  Breach of Contract , Construction Contracts , Construction Industry , Contract Termination , Contractors , Model Contract Clauses , Subcontractors , Timely Project Completion
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