| time shall be of the essence | срок является существенным условием (A contractual term requiring performance within a specified time. In Blackstock, Justice adopted these words: "The general rule, where time is made of the essence of a contract in relation to the sale of the land, is that default in performance by one party entitles the other, in the absence of an estoppel, or a waiver of the default or an acquiescence in such default, to cancel or determine the contract and to resist its specific performance. "But time can only be insisted upon as of the essence of the agreement by a litigant who has shown himself ready, desirous, prompt and eager to fulfill his agreement; has not been himself in default or the cause of the delay; and has not waived his right by subsequently recognizing the contract as subsisting." | Time shall be of the essence as regards the performance by the Supplier of its obligations under this Contract.  duhaime.org Alexander Demidov) |
