Time is of the essence - Wikipedia Time is of the essence For the album by Michael Brecker, see Time Is of the Essence. Look up time is of the essence in Wiktionary, the free dictionary. The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. ( August 2012 ) `` Time is of the essence '' is a term used in contract law in England and Wales, Canada, Australia, New Zealand, other Commonwealth counties and the United States expressing `` the need for timely completion '', i.e. indicating that one or more parties to the agreement must perform by the time to which the parties have agreed if a delay will cause material harm. However, in the case of Foundation Development Corp. v. Loehmann 's Inc. 788 P. 2d 1189 ( Arizona 1990 ), in which the lease included a Time is of the essence clause, the court ruled that a minor delay did not cause material harm and thus no breach of contract occurred. Compare this to an `` express clause '', where a specific contract term must be performed to avoid breach, such as in the court decision in Dove v. Rose Acre Farms, Inc. 434 N.E. 2d 931 ( Ct. App. Ind. 1982 ). Contrast this with reasonable time, where a delay in performing may be justified if it is reasonably required, based upon subjective circumstances such as unexpected weather, and the phrase time at large, which describes a situation where there is no date for completion, or where the date for completion has become invalid. The contractor is then no longer bound by the obligation to complete the works by a certain date. See also Date certain Reasonable time References Jump up ^ Bryan A. Garner, ed. ( 2001 ). Black 's Law Dictionary ( 2nd Pocket ed. ). West Publishing Company. p. 584. ISBN 978 - 0314257918. Jump up ^ `` Foundation Development Corp. v. Loehmann 's, Inc ''. CaseBriefs. Retrieved May 9, 2015. Jump up ^ `` Dove v. Rose Acre Farms, Inc ''. CaseBriefs. Retrieved May 9, 2015. Jump up ^ Bryan A. Garner, ed. ( 2001 ). Black 's Law Dictionary ( 2nd Pocket ed. ). West Publishing Company. p. 584. ISBN 978 - 0314257918. This legal term article is a stub. You can help Wikipedia by expanding it. This article relating to law in the United States or its constituent jurisdictions is a stub. You can help Wikipedia by expanding it. This article relating to law in the United Kingdom, or its constituent jurisdictions, is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Time_is_of_the_essence&oldid=848564859 '' Categories : Contract law Legal terminology stubs United States law stubs United Kingdom law stubs Hidden categories : Use mdy dates from May 2015 Articles with limited geographic scope from August 2012 USA - centric All stub articles Talk About Wikipedia Add links This page was last edited on 2 July 2018, at 19 : 10 ( UTC ). About Wikipedia

Question: who said time is of the essence quote
Answer: contract law in England and Wales, Canada, Australia, New Zealand, other Commonwealth counties and the United States