material breach


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Noun1.material breach - a breach serious enough to destroy the value of the contract and to give a basis for an action for breach of contractmaterial breach - a breach serious enough to destroy the value of the contract and to give a basis for an action for breach of contract
breach of contract - a breach of a legal duty; failure to do something that is required in a contract
References in periodicals archive ?
Deposits and Guarantees required: Customer contract has been terminated for material breach of contract, the service provider undertakes to pay customers 5% penalty (fine) of the contract price, excluding VAT.
Imnadze said that while "Georgia has fulfilled all the obligations under the ceasefire agreement", the Russian Federation "still remains in material breach of its provisions.
Material Breach -- A material breach of contract occurs when one party does not perform a required aspect of the agreement and the failure to perform results in harm or damages to the other party.
They sent us a letter on 9 June which we responded on 11 June 11 stating that the decision to suspend the oil agreement between the two countries and shutting down of the processing and transportation facilities is a material breach of the oil agreement.
A material breach is when, in the opinion of the HSE inspector, there is or has been a contravention of health and safety law that requires them to issue notice in writing of that opinion to the dutyholder.
Francisco spoke at length to someone posing as an agent and engaged in a conversation which the club believes to be a material breach of his contract of employment.
Normally we stay silent on sanctions as the commission has a free range but clearly if there is a material breach of that rule we will be asking the commission to consider top-end sanctions.
In the judgment of the Department of Defence, you are in material breach and violation of the non-disclosure agreements you signed.
In the judgment of the Department of Defense, you are in material breach and violation of the nondisclosure agreements you signed.
According to the agreement, the joint venture will have exclusive operating rights for an initial term of eight years, from 1 July this year through to 30 June 2020, and this is expected to be extended for a further eight years unless there is material breach of the agreement.
Without proof of material breach Starbucks' only legitimate termination mechanism is to pay Kraft fair market value for the business, plus a premium.
Elan said it had received a letter from Biogen dated July 28, alleging that Elan is in material breach of a collaboration agreement between the two companies.
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