of the essence

of the essence. (Of a contractual requirement) so important that if the requirement is not met, the promisor will be held to have breached the contract and a rescission by the promisee will be justified (time is of the essence). [Cases: Contracts 211; Vendor and Purchaser 78. C.J.S. Contracts § 583; Vendor and Purchaser § 140.]

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词条贡献者

法律翻译Jenny，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与重组与破产有关的法律文件。