Material Alteration definition: Copy, customize, and use instantly
Introduction
The term "Material Alteration" refers to a significant or substantial change to a contract, document, or agreement that affects the rights or obligations of the parties involved. Such changes typically require mutual consent to be enforceable.
Below are various examples of how "Material Alteration" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Material Alteration" in contract modifications
This definition applies to changes in the context of contractual agreements, where the modification impacts the agreement's substance.
"Material Alteration" means any change to a contract that significantly affects the rights, duties, or obligations of one or more parties, requiring mutual agreement to be enforceable.
Definition of "Material Alteration" in insurance policies
This definition focuses on alterations within insurance contracts, where significant changes could affect the insurer's liability or the insured's benefits.
"Material Alteration" refers to a substantial change to the terms, coverage, or conditions of an insurance policy that may affect the insurer’s liability or the insured’s benefits.
Definition of "Material Alteration" in real estate agreements
This definition relates to changes in property-related contracts, where significant modifications affect the rights or obligations of the parties.
"Material Alteration" means any significant modification to the terms, conditions, or boundaries of a real estate agreement that impacts the rights or obligations of the involved parties.
Definition of "Material Alteration" for financial agreements
This definition applies to changes in financial contracts or instruments, where modifications to terms may affect the financial obligations of the parties.
"Material Alteration" refers to any substantive change in the terms of a financial agreement, such as payment schedules, interest rates, or principal amounts, that affects the parties’ rights or obligations.
Definition of "Material Alteration" in promissory notes
This definition focuses on changes in promissory notes or similar instruments, affecting repayment obligations or enforcement.
"Material Alteration" means any significant modification to the terms of a promissory note that impacts the repayment obligations or enforcement of the note.
Definition of "Material Alteration" in arbitration clauses
This definition addresses changes in dispute resolution provisions, which can significantly alter the method or scope of resolving disputes.
"Material Alteration" refers to any modification to an arbitration clause that substantially affects the method, forum, or scope of dispute resolution under the agreement.
Definition of "Material Alteration" in employment contracts
This definition applies to changes in workplace agreements, where modifications to terms may require mutual consent to be enforceable.
"Material Alteration" means any significant change to the terms of an employment contract, such as job duties, compensation, or working conditions, requiring mutual consent.
Definition of "Material Alteration" in software licensing agreements
This definition relates to changes in technology-related contracts, particularly licensing agreements where modifications can alter obligations.
"Material Alteration" refers to a substantial modification of the terms of a software licensing agreement, such as usage rights, fees, or restrictions, that affects the parties’ obligations.
Definition of "Material Alteration" for construction contracts
This definition applies to alterations in construction agreements, where changes impact project scope, timeline, or cost.
"Material Alteration" means any significant change to the scope, timeline, or cost of a construction project, requiring approval by all parties involved.
Definition of "Material Alteration" in corporate bylaws
This definition focuses on changes to organizational governing documents, impacting governance or operational processes.
"Material Alteration" refers to any significant amendment to corporate bylaws that affects the governance, structure, or decision-making processes of the organization.
Definition of "Material Alteration" for lease agreements
This definition applies to changes in landlord-tenant agreements, where alterations affect terms such as rental amounts or permitted use.
"Material Alteration" means any substantial modification to the terms of a lease agreement, such as rental amounts, lease duration, or permitted uses of the property, requiring mutual agreement.
Definition of "Material Alteration" in intellectual property licenses
This definition relates to licensing agreements for intellectual property, where changes can impact scope of use or fees.
"Material Alteration" refers to any significant change to the terms of an intellectual property license, such as scope of use, royalty rates, or exclusivity, affecting the parties’ rights and obligations.
Definition of "Material Alteration" for credit agreements
This definition focuses on changes in lending arrangements, where modifications may affect repayment terms or credit limits.
"Material Alteration" means any substantive modification to the terms of a credit agreement, including repayment schedules, interest rates, or credit limits, impacting the borrower’s or lender’s obligations.
Definition of "Material Alteration" in partnership agreements
This definition applies to changes in business partnership arrangements, where modifications to profit-sharing or roles affect partner relationships.
"Material Alteration" refers to any significant modification to the terms of a partnership agreement, such as profit sharing, roles, or responsibilities, that affects the relationship between the partners.
Definition of "Material Alteration" in merger agreements
This definition addresses changes in mergers or acquisitions, where substantial modifications affect deal terms such as valuation or payment.
"Material Alteration" means any substantial modification to the terms of a merger or acquisition agreement, such as valuation, payment terms, or conditions precedent.
Definition of "Material Alteration" in loan agreements
This definition focuses on changes in lending contracts, where alterations to terms like interest rates or collateral impact the loan.
"Material Alteration" refers to any significant modification to the terms of a loan agreement, including interest rates, repayment terms, or collateral requirements.
Definition of "Material Alteration" in service agreements
This definition applies to changes in service-related contracts, where alterations may impact the scope of work or fees.
"Material Alteration" means any substantial change to the terms of a service agreement, such as scope of work, fees, or timelines, requiring mutual consent.
Definition of "Material Alteration" in franchise agreements
This definition focuses on changes in franchising arrangements, where alterations affect operational requirements or franchise rights.
"Material Alteration" refers to any significant modification to the terms of a franchise agreement, such as territory rights, fees, or operational requirements, impacting the franchisor or franchisee.
Definition of "Material Alteration" in shareholder agreements
This definition applies to changes in agreements among shareholders, where modifications affect voting rights, dividend policies, or transfer restrictions.
"Material Alteration" means any substantial modification to the terms of a shareholder agreement, such as voting rights, dividend policies, or transfer restrictions.
Definition of "Material Alteration" in settlement agreements
This definition focuses on changes in dispute resolution settlements, where alterations impact rights, obligations, or remedies.
"Material Alteration" refers to any significant modification to the terms of a settlement agreement that impacts the rights, obligations, or remedies of the parties involved.
Definition of "Material Alteration" in supply chain agreements
This definition focuses on changes in supplier or vendor contracts, where modifications affect pricing, delivery, or product specifications.
"Material Alteration" means any significant change to the terms of a supply chain agreement, including pricing, delivery schedules, or product specifications, that affects the obligations of either party.
Definition of "Material Alteration" in nonprofit bylaws
This definition applies to governing rules for nonprofit organizations, where amendments affect structure or operations.
"Material Alteration" refers to any substantial change to the bylaws of a nonprofit organization, impacting its structure, governance, or operations.
Definition of "Material Alteration" in product warranties
This definition focuses on changes in warranty terms, where alterations affect coverage limits or exclusions.
"Material Alteration" means any significant modification to the terms of a product warranty, such as coverage limits, exclusions, or duration, affecting the rights of the consumer or the manufacturer.
Definition of "Material Alteration" in subscription agreements
This definition relates to changes in recurring service agreements, where modifications affect fees or services offered.
"Material Alteration" refers to any substantial modification to the terms of a subscription agreement, including fees, services offered, or cancellation policies.
Definition of "Material Alteration" in utility service agreements
This definition applies to changes in utility provider contracts, where modifications impact rates or billing policies.
"Material Alteration" means any significant modification to the terms of a utility service agreement, such as rates, service areas, or billing policies.
Definition of "Material Alteration" in data privacy policies
This definition focuses on changes in privacy agreements, where modifications affect data collection practices or user rights.
"Material Alteration" refers to any substantial change to the terms of a data privacy policy, including data collection practices, user rights, or data sharing policies.
Definition of "Material Alteration" in manufacturing agreements
This definition relates to changes in production-related contracts, where alterations affect timelines, costs, or quality standards.
"Material Alteration" means any significant change to the terms of a manufacturing agreement, such as production timelines, costs, or quality standards.
Definition of "Material Alteration" in sponsorship agreements
This definition focuses on changes in sponsorship deals, where modifications affect payment amounts or benefits.
"Material Alteration" refers to any substantial modification to the terms of a sponsorship agreement, including payment amounts, sponsorship benefits, or term duration.
Definition of "Material Alteration" in charitable gift agreements
This definition applies to changes in donation terms, affecting the amounts, restrictions, or use of funds.
"Material Alteration" means any significant modification to the terms of a charitable gift agreement, such as donation amounts, restrictions on use, or reporting requirements.
Definition of "Material Alteration" in financial reporting standards
This definition applies to changes in accounting and reporting frameworks, where modifications impact financial representation or obligations.
"Material Alteration" refers to any significant modification to financial reporting standards or policies that impacts the representation of financial information and the obligations of reporting entities.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.