Material Contracts means Clause Samples

The 'Material Contracts' clause defines which agreements or contracts are considered significant or essential to a party, typically due to their financial value, strategic importance, or impact on business operations. In practice, this clause will specify criteria such as contracts exceeding a certain monetary threshold, those with key customers or suppliers, or agreements that could affect the company's assets or liabilities. Its core function is to clearly identify which contracts must be disclosed, reviewed, or subject to special terms in a transaction, thereby ensuring transparency and managing risk for all parties involved.