the price of the goods can be negotiated D. the quality of the goods is the most important 相关知识点: 试题来源: 解析 B。“time is of the essence”这一合同条款意思是选项 B 所描述的“双方必须在规定时间内完成义务”。选项 A 指合同可随时修改,与该条款无关;选项 C 提到货物价格可协商,并非...
ignoring the specified time 相关知识点: 试题来源: 解析 B。“time is of the essence”强调时间的重要性,意味着要严格遵守时间安排,选项 B“strict adherence to timelines”(严格遵守时间线)符合。选项 A“flexibility in deadlines”(截止日期的灵活性)与之相反。选项 C“extending the completion period”(...
There are two main types of contract dates: the effective date and the execution date. The effective date is the date on which the agreement becomes legally binding, and the parties are obligated to perform their obligations under the contract. The execution date is the date on which ...
Most standard forms of contract impose restrictions on the parties as to when certain actions or activities are to be carried out. Some of the construction contracts add a "time is of the essence" clause which means the deadlines specified in this agreement are vital and mandatory to the ...
2. Time is of the essence for the opening of the letter of credit. The opening of the letter of credit shallbe a condition precedent to the Seller s obligation to deliver the Coal.开出信用证的时间极为重要。 39、开出信用证是卖方履行供煤责任的先决条件。3. The letter of credit shall be...
You might even want to remove aclauseor condition that you feel is no longer needed. Also, look at the duration of the original contract. Do you want to extend it by the same amount of time? You may be happy to extend it for longer now you’ve built up trust with the other party...
Time is of the essence when it comes to containing losses. Actively monitoring contract performance helps ensure that all parties meet their obligations, and can help identify and contain potential problems before they’re actionable.Contract management software solutionsthat include automated notifications...
Contract Time, Changes in Contract Time. The work on this Project shall commence within ten (10) days of receipt of the Notice to Proceed, which will be provided for each schedule. All work shall be c...
parties involved fails to timely deliver goods or services. Either way, the party relying upon timely delivery may suffer damages due to the late or non-delivery. To help protect your right to damages in these situations the contract should contain a clause indicating “time is of the essence...
Essence of Time in Construction Contracts The building industry has in recent years seen huge costs incurreddue to disputes arising on notice requirement clauses. Theseclaims could have been averted if the parties had been diligent inproviding the necessary notices. This article... T Lim - 《Aust...