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Timeliness And Urgency (Type I)
TIMELINESS AND URGENCY-TYPE I
The following shall apply as a legally binding addendum to the contract made between [First Party's Name] and [Second Party's Name] on [Date of agreement].
The timeliness of execution of this contractual agreement is of the essence and failure to execute terms of this contract by specified party in the time frame outlined for specific responsibility in the agreement, the other party at its own election may reserve the right to terminate the contractual agreement.
Signature Dated
Signature Dated