Alayna Bridgett and Sonja Rice | Hahn Loeser & Parks 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? The phrase “time is of the essence” means that timely performance is an essential… Continue reading “Time is of the Essence” – or is it?
Tag: Time is of the Essence Provision
Recent Tennessee Construction Cases Regarding Effects of Unlicensed Contracting and “Time is of the Essence” Clauses in Contracts
Allison Wiseman Acker, Shayne R. Clinton, John W. Dawson IV, Brian M. Dodds, Jeff Gibson, L. Wearen Hughes and John S. Golwen | Bass, Berry & Sims While neither of the recent cases discussed below establishes new law, they serve as good reminders of principles and requirements that can be important to participants in construction… Continue reading Recent Tennessee Construction Cases Regarding Effects of Unlicensed Contracting and “Time is of the Essence” Clauses in Contracts