Final answer:
To ensure the timeliness of completion in a contract, a 'time is of the essence' clause should be included to specify that deadlines are critical to the agreement. This clause outlines clear deadlines and details potential consequences for not meeting those time frames. Regular check-ins about progress and buy-in are also beneficial to maintain adherence to set timelines.
Step-by-step explanation:
When the timeliness of completion is a critical aspect of a contract, it is essential to include a time is of the essence clause. This legal term stipulates that deadlines are vital to the performance of the agreement. Contractors, clients, and service providers commonly utilize such clauses to ensure that the obligations under the contract are fulfilled within a specified timeframe.
An example of a time is of the essence clause could be: 'The parties agree that time is of the essence concerning all dates and time periods set forth in this agreement.' It is important to craft this clause with clear deadlines and what constitutes a breach if the time frame is not met. The terms should also discuss potential remedies or penalties for failure to meet the deadlines established.
Additionally, during any project, it may be important to check in about the progress and buy-in to ensure that any transitions or changes in the project scope do not affect the completion date.