How is Adverse material fact defined in a legal contract?
- Adverse material fact means a fact that could significantly alter the desirability or value of a property to a reasonable person, or suggests that a party involved in a transaction is unable or unwilling to fulfill their contractual obligations. Seen in 7 SEC filings.
- Adverse material fact means a fact that a broker should consider significant enough to influence a person's decision to enter into a property purchase or sale contract. It could be a fact that substantially affects the value of the property or poses a documented health risk to its occupants. Seen in 5 SEC filings.
- Adverse material fact means a condition, malfunction, or problem of significant material impact. Seen in 4 SEC filings.
- Adverse material fact means a fact that significantly influences and hinders a buyer's ability or intent to fulfill their obligations under an existing or proposed contract. Seen in 2 SEC filings.
- Adverse material fact means a fact that could significantly affect the desirability or value of a property to a reasonable person. Seen in 1 SEC filing.
- Adverse material fact means a fact that a broker or salesperson should recognize as significant enough to influence a person’s decision to enter into a contract to buy or sell real property. Seen in 1 SEC filing.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of adverse material fact' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Adverse material fact means a significant fact that alters the value or desirability of a property, impacting a party's contractual obligations fulfilment capacity.
Relevant Contract Types
- Real Estate Purchase Contract
- Commercial Lease Agreement
- Asset Purchase Agreement
- Merger and Acquisition Agreement
Relevant Circumstances
- When property or assets change hands
- During key business transactions
- In situations where the value of a property or asset is of importance
Relevant Sectors
Genie Definition 2
Adverse material fact means a condition, problem, or malfunction with substantial impact.
Relevant Contract Types
Relevant Circumstances
- When software or product quality is at stake
- In situations where an issue or malfunction can dramatically affect the outcome of a contract
Relevant Sectors
Adverse material fact means a significant fact that alters the value or desirability of a property, impacting a party's contractual obligations fulfilment capacity.
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