Computation of Time Clauses

Summary

This practice note looks at the interpretation of computation of time clauses, which generally stipulate the time period in which an event must occur under a commercial contract. This practice note looks at the interpretive principles applied to such clauses, including the special presumptive meanings of the terms "year", "day" and "at least" which apply to the computation of time unless the words chosen by the parties evince an intention to adopt some other meaning.