January 01, 2018

The Last Word: Tick, Tock—Time Is Money

Time may be relative in physics and malleable in science fiction, but in contracts, time periods and deadlines mean money and must be set out with precision. We drafters don’t always have the luxury of giving an exact date to define a deadline. Often, a time period depends on a future occurrence. In these situations, the drafter must describe the time period or deadline using words, not exact dates. And words can be slippery.

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