“Time is of the Essence” Means “Time is of the Essence” #412

Legally Speaking

By Edward L. Wilson Lawson Lundell LLP Many REALTORS® assist buyers in locating and negotiating the purchase of new condominiums in pre-build situations. The developer’s form of contract is generally used and such contracts often provide for staged deposits, often over long periods, which invariably contain “time is of the essence” clauses. A buyer entered