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Jenna，欧洲顶尖商学院国际经济法专业，专注翻译各类与投资基金和私募股权有关的法律文件。