Time is of the essence! What does “time is of the essence” mean? In simple English, when anything is “of the essence” it means it is very important, or essential. However, in law, the expression “time is of the essence” has a further meaning. For example, if time is of the essence for a contractual…
DetailsLate Invoice… what can you do? When invoices are not paid on time, you are usually faced with a situation where you have to pay additional monies by way of legal costs in order to recover the sums owed. You don’t want to throw bad money after bad money so what do you do.. However,…
DetailsCan I set-off a debt? How does set-off arise? Often two parties will undertake multiple construction projects at the same time, either engaging over several different projects or several elements of the same project. This can lead to a situation where both have financial claims against each other (i.e. both parties owe each other money).…
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