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In the law of contracts, a material term in a contract is a term or provision that concerns docHub issues, such as subject matter, price, quantity, type of work to be done, and terms of payment or performance.
What is material in law insider?
Related Definitions Material means all types of tangible personal property, including but not limited to goods, supplies, equipment, commodities, and information and telecommunication technology.
Is a participation agreement legally binding?
Participant represents and warrants that it is authorized and has the power to enter into this Agreement and purchase the Participation Interest, and that all documents or instruments pertaining to the purchase by Participant of the Participation Interest are properly executed and binding on Participant.
What is the definition of a material contract?
Means any contract, instrument or other agreement to which the Company is a party or by which it is bound that has been filed or was required to have been filed as an exhibit to the SEC Filings pursuant to Item 601(b)(4) or Item 601(b)(10) of Regulation S-K.
What is a material term in contract law?
Performance Obligations: Material terms outline the specific obligations and performance requirements of each party. Failure to meet these terms can result in bdocHubes and legal remedies, including damages or specific performance.
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Material Contract means, with respect to any Person, any agreement or instrument to which such Person is a party which is material to the business, condition (financial or otherwise), operations, performance, or properties of such Person.
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