Common Contracts
1 similar null contracts
ContractDecember 18th, 2023
A frequently overlooked clause in many real estate contracts provides that "time is of the essence." For example, the WB standard form offers to purchase provide that "time is of the essence as to: (i) earnest money payment; (ii) binding acceptance; (iii) occupancy; (iv) date of closing; (v) contingency deadlines and all other dates and deadlines in this offer except: ." Typically, the parties fill in "none," meaning that time is of the essence as to all dates in the agreement.
