Time of the Essence Clauses in Ontario: A Practical Guide for Business Owners

Time of the Essence Clauses in Ontario: A Practical Guide for Business Owners

In Ontario, a time of the essence contract means every deadline may become a deal-breaker. Courts have shown that even being late by 35 or 9 minutes can lead to termination. But this clause does not cover open-ended obligations, such as reasonable efforts or acting as soon as possible. This can cause problems when drafting […]

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