Material Terms Clause Samples
The Material Terms clause defines the essential provisions of an agreement that are fundamental to the contract’s validity and enforceability. Typically, these terms include key elements such as price, scope of work, delivery timelines, and payment conditions. By clearly identifying which terms are considered material, the clause helps prevent disputes over what constitutes a breach or grounds for termination, ensuring that both parties understand which obligations are critical to the contract’s performance.
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Material Terms. The reporting and quality requirements and audit rights are a material term of the License Agreement.
Material Terms. ▇▇▇▇▇ agrees that these Terms are a material part of the transaction between and Seller, and without Buyer agreeing to be bound by all of the Terms, Seller would not have sold the Products or provided the services on terms (including price) as favorable to Buyer as are contained in the Sale Contract.
Material Terms.
(1) The Parties acknowledge that the terms of this Settlement Agreement set out in section 10.3(1) and section 10.3(2) shall be material terms of the Settlement Agreement and the failure of the Courts to approve these terms shall give rise to a right of termination pursuant to section 15.1(1) of this Settlement Agreement.
Material Terms. The provisions of this Program are material terms of any deed, lease, or contract in which it is included.
Material Terms. All provisions of this Program shall be material terms of any lease agreement or contract in which it is incorporated.
Material Terms. Failure to secure the insurance coverages, or the failure to comply fully with any of the insurance provisions of these Standard Services Terms & Conditions as may be necessary to carry out the terms and provisions of these Standard Services Terms & Conditions shall be deemed to be a material breach of these Standard Services Terms & Conditions. The lack of insurance coverage does not reduce or limit GlassHouse’s responsibility to indemnify Dell as set forth in these Standard Services Terms & Conditions. Any and all deductibles and premiums associated with the above described insurance policies shall be assumed by, for the account of, and at the sole risk of GlassHouse.
Material Terms. You understand and agree that the provisions of this Agreement titled Notice of Termination of Employment, Continued Employment During the Notice Period, Full Time and Attention, Confidentiality, and Non-Solicitation Following Termination of Employment are material provisions of this Agreement, without which EOG would not have made the Award, and that a breach of the terms and conditions of any of those provisions will be considered a material breach of this Agreement, entitling the Company to the return of the consideration given to you for entering into this Agreement, and that the Company would be irreparably harmed by your failure to fully comply with these provisions.
Material Terms. This oral contract was for a subordinated note payable. The Lender agreed to provide the Company with loans from time to time to supplement the working capital of the Company. These loans are unsecured and are subordinated to any and all other loans that the Company may have.
Material Terms. Failure to secure the insurance coverages, or the failure to comply fully with any of the insurance provisions of these this MRA as may be necessary to carry out the terms and provisions of this MRA shall be deemed to be a material breach of this MRA. The lack of insurance coverage does not reduce or limit GlassHouse’s responsibility to indemnify Dell as set forth in this MRA. Any and all deductibles and premiums associated with the above described insurance policies shall be assumed by, for the account of, and at the sole risk of GlassHouse.
Material Terms. These terms shall be deemed the material terms to the final Settlement Agreement and Release to be executed by the Parties. These material terms are conditional upon, interdependent with, and inextricably intertwined with each other. In other words, each and every term of this Agreement is a material term, and all such terms are interrelated with, dependent upon, and non-severable from one another, including but not limited to all terms of monetary relief and non-monetary relief.