Time Is of the Essence
A contract clause that makes the stated deadlines strictly enforceable, so missing a date is a breach.
Quick flashcard
What does Time Is of the Essence mean on the Texas real estate exam?
Answer: A contract clause that makes the stated deadlines strictly enforceable, so missing a date is a breach.
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Time Is of the Essence definition
A time is of the essence clause means the deadlines in the contract must be met exactly. When this clause applies, performing late is a breach even if the delay is short.
Without such a clause, a court may allow a reasonable time to perform, but the clause removes that flexibility.
Source basis
Definition checked against the official sources below on .
On the exam
Exam trap
Tested in
Contracts & Agency (16 of 80 National)
From definition to recall
See this term inside a real exam question.
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