What does material mean in legal?

In the context of contract law, material is a description frequently attributed to an important contractual provision or stipulation that would alter the contract performance. For example, a material breach of contract describes a court finding similar to that of lack of substantial performance of the contract.

What does it mean for something to be material?

noun. Definition of material (Entry 2 of 2) 1a(1) : the elements, constituents, or substances of which something is composed or can be made. (2) : matter that has qualities which give it individuality and by which it may be categorized sticky material explosive materials.

What is the legal definition of material change?

Material Change means any change in the business, operations, assets, liabilities, ownership or capital of the Issuer and any subsidiary considered on a consolidated basis that would reasonably be expected to have a significant effect on the market price or value of the Issuer’s securities; Sample 1. Sample 2.

What is material example?

An example of material is the fabric from which something is made. An example of material are the facts used in a book. An example of material are the jokes a comedian tells. An example of material is the wood used to build something.

What does material mean?

Freebase(0.00 / 0 votes)Rate this definition: Material. Material is anything made of matter, constituted of one or more substances. Wood, cement, hydrogen, air, water and any other matter are all examples of materials.

What is material violation?

Definition of Material Violation. Material Violation means any violation of this Code or other misconduct deemed material by the CCO, in conjunction with the Compliance Committee or the Victory Capital Board of Directors.

What is the legal definition of material breach?

Material Breach Law and Legal Definition. Material breach is a contract law term which refers to a failure of performance under the contract which is significant enough to give the aggrieved party the right to sue for breach of contract.

What is the definition of material evidence?

Definition of MATERIAL EVIDENCE: the facts or issues of a case or enquiry that can affect its conclusion or outcome have a significant relationship with this type of proof or testimony. The Law DictionaryFeaturing Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed. Navigation