ImportError: No module named termcolor

[Sayat]

While installing the program it gives following error:

Traceback (most recent call last):
File "/usr/local/bin/timed", line 3, in
import timed.client
File "/Library/Python/2.7/site-packages/timed/client.py", line 8, in
from termcolor import colored
ImportError: No module named termcolor

[Sayat]

Solution is pretty simple:
sudo pip install termcolor