What is supplied material?

Supplied Materials means the FINISHED PACKAGED PRODUCT, Naked Vials, Bulk Product and any other materials supplied to FIOCRUZ by PROTALIX for the MANUFACTURE and/or COMMERCIALIZATION by FIOCRUZ of PRODUCTS in the TERRITORY for the FIELD in accordance with this AGREEMENT. Sample 2. Sample 3.

What is an example of an material?

An example of material is the fabric from which something is made. An example of material are the facts used in a book. … An example of material is the wood used to build something.

What is a material provision?

Material Provision means any provision of this Agreement (including, without limitation, payment provisions) the breach of which by one Party is determined by an arbitration pursuant to Section 15.18 to constitute a material adverse effect on the use and enjoyment by the other Party of the benefits of this Agreement.

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 are the 7 materials?

What are materials?
  • metal.
  • plastic.
  • wood.
  • glass.
  • ceramics.
  • synthetic fibres.
  • composites (made from two or more materials combined together)

What does material obligation mean?

Material Obligation as to any Person, an Obligation of such Person which if not fully and timely paid or performed would have a Material Adverse Effect on such Person. … Material Obligation means an obligation of the Recipient that is material to this transaction.

What is considered a material change in a contract?

A change in the meaning or language of a legal document, such as a contract, deed, lease, or Commercial Paper, that is made by one party to the document without the consent of the other after it has been signed or completed.

What is considered material in law?

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 is considered a material breach?

A material breach occurs when one party receives significantly less benefit or a significantly different result than what was specified in a contract. Material breaches can include a failure to perform the obligations laid out within a contract or a failure to perform contracted obligations on time.

Is non payment a material breach of contract?

While the failure to timely pay can constitute a material breach when time is of the essence, the failure to pay at all will also constitute a material breach.

How do you prove material breach of contract?

To prove a breach of contract, the plaintiff must show:
  1. The existence of a contract;
  2. Its own performance of obligations under the contract, or an excuse for nonperformance;
  3. The defendant’s breach, or failure to do something that the contract required; and.
  4. Damages caused by the defendant’s breach.

What does commercially impractical mean?

Commercial impracticability is a form of excuse, excusing someone from performing a contract. … That’s the whole point of a binding contract! Commercial Impracticability. • Commercial impracticability is for highly unusual situations far from what the parties could have reasonably expected would happen.

What does material violation mean?

Material Violation means a violation which, individually or in the aggregate with all other such violations, would have a Material Adverse Effect or constitute or give rise to a default under, result in the termination of or a right of termination or cancellation under, accelerate the performance required by, or result …

What is the most common way that duties under a contract are discharged?

What is the most common way to discharge a contract? The discharge of a contract is the termination of the obligation. The most common way is a discharge by performance, which means the contract comes to an end when both parties have fulfilled their respective duties.

What is accord and satisfaction in contract law?

Definition. An agreement (accord) between two contracting parties to accept alternate performance to discharge a preexisting duty between them and the subsequent performance (satisfaction) of that agreement.

What makes a contract commercially impracticable?

The doctrine of commercial impracticability arises when a party cannot perform their obligations under the contract due to an uncontrollable event that makes it extremely difficult (but not impossible) to perform.

What is frustration of purpose in law?

Under contract law, an excuse that can be used by a buyer for non-performance of contractual duties when a later and unforeseen event impedes the buyer’s purpose for entering into the contract, and the seller at the time of entering the contract, knew of the buyer’s purpose.

What is an example of an accord?

An example of an accord is a good friendship between two people. An example of an accord is a peace keeping agreement between two countries. Accord means by choice. An example of the usage of this colloquialism is: “No one asked me to do so, but I cleaned the entire house on my own accord.”

What does pay under protest mean?

Complying with an obligation while asserting an objection to the obligation. For instance, when paying a disputed debt, the payor may note that it is being paid “under protest,” thereby preserving any claim he may have for subsequent repayment. … (US, law) Of a payment made subject to dispute.

What is a covenant not to sue?

A covenant not to sue is a legal agreement in which the party seeking damages agrees not to sue the party that it has cause against. Covenants not to sue are used to settle specific legal issues outside of the court system.