Assertion: contract | /r/CapableOf | stipulate time
Facets:
value: for performance
type: PURPOSE
Source sentences:
text: Where the contract stipulates a time for performance, the issue is whether the time stipulation can be regarded as being a condition of the contract, that is the time is considered to be "essential" and time is "of the essence".
text: Where the contract stipulates a time for performance, however time is not of the essence and there is a failure by one party to perform their obligations under the contract by the appropriate time, the innocent party may still gain a right to terminate for the delay through use of the notice procedure.