What is considered a material matter?

Material matter means any subject, regardless of its admissibility under the rules of evidence, which could affect the course or outcome of the proceeding. Whether a matter is material in a given factual situation is a question of law.

What does material mean in legal terms?

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 material term mean?

In contract law In the law of contracts, a material term in a contract is a term or provision that concerns significant issues, such as subject matter, price, quantity, type of work to be done, and terms of payment or performance.

What does material information mean?

Material Information means information for which there is a substantial likelihood that a reasonable investor would consider it important in making investment decisions, or information that is reasonably certain to have a substantial effect on the price of a company’s securities.

What does material mean in business?

As its root word, material, suggests, materiality is commonly defined as any attribute or factor that is relevant and substantial to the overall performance, results and viability of a business.

What is a material condition in a contract?

Material Condition means, with respect to any Government Approval, a condition or requirement that, individually or when aggregated with other conditions or requirements, would reduce materially the benefits which Seller or Purchaser, as applicable, could reasonably have expected to derive from consummation of the …

What is a material lawsuit?

Material Litigation means litigation that, according to generally accepted accounting principles, is significant to an applicant’s or a licensee’s financial health and must be disclosed in the applicant’s or licensee’s audited financial statements, report to shareholders, or similar records.

What does material evidence mean?

Material: Material evidence means evidence that by itself or when considered with previous evidence of the record relates to an unestablished fact necessary to substantiate the claim.

What does material to the business mean?

Related Definitions Material to the Business means material to the business, assets, properties, operations, results of operations, condition (financial or otherwise) of the Company and its Subsidiaries, taken as a whole.

What does material mean in trading?

Sample 2. Sample 3. Trade Materials means trade presentations, business cards, invoices, stationery and other similar printed matter reflecting the names under which Licensee conducts business as permitted under the Operating Agreement.

Do private companies have Mnpi?

A private-side lender will have access to MNPI, whereas a public-side lender will generally not have access to MNPI, and consequently, a public-side lender will generally be able to trade the borrower’s securities with less risk of running afoul of U.S. federal securities laws or other laws prohibiting “insider trading …

What is a material matter?

Material matter means any subject, regardless of its admissibility under the rules of evidence, which could affect the course or outcome of the proceeding. Whether a matter is material in a given factual situation is a question of law.

What is the legal definition of material fact?

Material Fact Law and Legal Definition Material fact is a fact that is important, significant or essential to a reasonable person in deciding whether to engage or not to engage in a particular transaction, issue or matter at hand. It is a fact that is significant or essential to the issue or matter at hand.

What is the meaning of materiality?

(2) : of or relating to the subject matter of reasoning especially : empirical material knowledge. 2 : having real importance or great consequences facts material to the investigation. 3a : being of a physical or worldly nature a grossly material form of love.

What is the definition of material for kids?

Kids Definition of material. 2 : of or relating to a person’s bodily needs or wants Money buys material comforts. 3 : having real importance Those facts aren’t material to the case. 1 : the elements, substance, or parts of which something is made or can be made We purchased bricks and other building material.