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  • 11 minutes

Time Is of the Essence Clauses

 

Gain a better understanding of “time is of the essence” clauses.

“Time is of the essence” refers to a contractual position in which, if the subcontractor fails to complete its obligations by a specified date, then the contractor can treat the contract as terminated. Setting a completion date is not sufficient to make time of the essence. This video reviews indications of this type of clause and discusses when delayed performance will likely result in a material breach of the subcontract.

Runtime: 10 minutes
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Agenda

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Faculty

Lisa Lombardo

Lisa Lombardo

Gibbons P.C.

  • Promoted to director in the Gibbons P.C. Commercial & Criminal Litigation Department in January 2019
  • Has successfully litigated matters before the state and federal courts of New Jersey and New York, as well as the American Arbitration Association, with a focus on construction matters
  • Her experience in commercial litigation and construction litigation is unique in that she represents both plaintiffs and defendants
  • She served as co-lead counsel in a three-year long arbitration representing a major university in a claim involving extensive and complex design and construction defects, which resulted in a multimillion-dollar award in our client’s favor and the arbitrator striking down a limitation of liability clause
  • Unlike most litigators in the construction arena, she has experience drafting and negotiating contracts, and worked with owners, contractors, subcontractors, and designers on contracts for projects involving academic centers, public schools, laboratory facilities, office buildings, energy facilities, public/private projects, and building additions of varying sizes
  • Selected to the Morris/Essex Health & Life magazine’s “Essex County Top Lawyers” list, construction, 2018
  • Can be contacted at 973-596-4481 or [email protected]
Meghal Shah

Meghal Shah

Gibbons P.C.

  • Associate in the Gibbons P.C. Commercial & Criminal Litigation Department
  • Has assisted in briefing and preparing presentation, slides and materials to a Dispute Resolution Board regarding complex construction delay claims and has experience in drafting arbitration submissions regarding type 1 and type 2 differing site conditions
  • She has also assisted with drafting project-specific construction agreements
  • Completed a judicial clerkship at the Supreme Court of New Jersey for the Honorable Anne M. Patterson
  • Can be contacted at 973-596-4717 or [email protected]
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