Sentence examples for essence clause from inspiring English sources

He notes that when a "time is of the essence" clause is included in the contract, it binds both parties equally.

MR. HALL explained that when a "time is of the essence" clause is included in a contract, it usually binds both parties equally.

Buyers need to be cautious that it does not contain a so-called "time-is-of-the-essence" clause that automatically awards penalties if the closing date is delayed.

"In New York, there can also be hidden time-of-the-essence clauses written into a contract," Mr. Hall said, explaining some courts have ruled that using the words "on or before Sept. 1" constitutes a time-is-of-the-essence clause and binds both parties to closing on that date.

GRAHAM: The full faith and credit clause, in essence, says that when a valid enactment of one state is entered into, the sister states have to accept it.

In essence, this means the clause – in its current form – provides the perfect cover for companies that are not inclined to report, for example, on the conditions of workers overseas who are making goods and providing services not coming to the UK.

It is, in essence, an anti-bribery clause preventing foreign corruption.

But this completely misunderstands the essence of the Establishment Clause, which is not about protecting people from what they might see as the "unpleasantness" of religious expression, but about keeping the government neutral in the realm of religion, because the Framers understood that non-neutrality by the government would prove divisive and destructive of the very notion of "We the People".

4) A pattern in efforts to pass U.S. climate legislation was the shift from hard caps to all kinds of add-ons that, in essence, served as escape clauses or safety valves.

Elliott argued, in essence, that the pari-passu clause means that if a debtor makes a payment to some of its creditors on restructured bonds, the creditors who haven't agreed to the terms of the restructuring must also be paid, and they must be paid what they're owed under their initial agreement with the sovereign.

William Selsberg, a Stamford, Conn., real estate lawyer, said that one way to encourage a buyer or seller to close as near to the closing date as possible, without taking the risk of making time of the essence, is to include a clause that provides for penalties for each day the closing is delayed.