We provide a different perspective on the close relationship between entanglement and time. Our main focus is on bipartite entanglement, where this connection is foreshadowed both in the positive partial transpose criterion due to Peres [A. Peres, Phys. Rev. Lett. 77, 1413 (1996)0031-900710.1103/PhysRevLett.77.1413] and in the classification of quantum within more general nonsignaling bipartite correlations [M. Frembs and A. Döring, Phys. Rev. A 106, 062420 (2022)2469-992610.1103/PhysRevA.106.062420]. Extracting the relevant common features, we identify a necessary and sufficient condition for bipartite entanglement in terms of a compatibility condition with respect to time orientations in local observable algebras, which express the dynamics in the respective subsystems. As an outlook and a program for future work, we discuss the relevance of the latter in the broader context of von Neumann algebras and the thermodynamical notion of time naturally arising within the latter.