Commercial LitigationNewsSLF Lawyers NewsThe importance of satisfying your contractual obligations on time. What is “time is of the essence”? and how does Covid-19 impact this requirement?
Differently to our southern states of New South Wales and Victoria, in Queensland, contracts are subject to the clause ‘time is of the essence’. This means parties to a contract must perform their contractual obligations strictly by the due dates and times. Depending on the terms of the contract, if a party does not satisfy...