Common use of Commencement and Completion Clause in Contracts

Commencement and Completion. 3.1. Subject to clause 7.3, the Contract shall commence and complete on the date stated on the face of the Purchase Order Confirmation. If no date has been stated, the Contractor shall supply the Goods and complete the Services within a reasonable period of time. 3.2. The Client agrees that time is not of the essence and the Contractor's liability for failing to supply the Goods and / or complete the Services by the completion date shall be limited to the liquidated and ascertained sum of £0.01 per complete week of delay.