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About time

05 December 2014 / John Sharples
Issue: 7633 / Categories: Features , Commercial
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Can you make time of the essence if a contract is silent on the point, asks John Sharples

You have a contract which requires you to do something by a certain date or within a reasonable period of time. You don’t. Fortunately the contract does not make time of the essence. So the other party serves a notice purporting to make it so. You fail to comply with that too. Now the other side has you on toast and can terminate the contract forthwith. Simples!

Well, not quite. As Sir Terence Etherton said at first instance in Urban 1 (Blonk Street) v Ayres [2012] EWHC 2765 (Ch): “Even today aspects of the law relating to time provisions in contracts for the sale of land and the relevance of notices to complete can be puzzling and there is still room for clarification of the law.” In particular, recent cases have struggled with two questions: what does serving such a notice really do, if the contract is silent on the point? And what is the effect of failing

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NEWS
The landmark Supreme Court’s decision in Johnson v FirstRand Bank Ltd—along with Rukhadze v Recovery Partners—redefine fiduciary duties in commercial fraud. Writing in NLJ this week, Mary Young of Kingsley Napley analyses the implications of the rulings
Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
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