Materiality
Term · Law · MLC-T-LAW-003184
The quality of being relevant and consequential to a legal dispute or decision. A fact is material if its omission or misstatement would influence a reasonable person's judgment or conduct. In contract law, a material breach is one that defeats the purpose of the agreement.
| Identifier | MLC-T-LAW-003184 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003184",
"term": "Materiality",
"field": "Law",
"definition": "The quality of being relevant and consequential to a legal dispute or decision. A fact is material if its omission or misstatement would influence a reasonable person's judgment or conduct. In contract law, a material breach is one that defeats the purpose of the agreement.",
"url": "https://mlchart.com/terminology/law/materiality/"
}
Record 3,151 of 5,445 in Law terminology (MLC-0107). Request the full dataset.