Define: Adverse material fact
Adverse material fact means a significant fact that alters the value or desirability of a property, impacting a party's contractual obligations fulfilment capacity.
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 Circumstances
- When property or assets change hands
- During key business transactions
- In situations where the value of a property or asset is of importance