{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "buyer-warrants", "type": "definition", "offset": [4, 18]}, {"key": "the-agent", "type": "clause", "offset": [38, 47]}, {"key": "in-writing", "type": "clause", "offset": [48, 58]}, {"key": "material-facts", "type": "definition", "offset": [72, 86]}, {"key": "in-respect-to", "type": "clause", "offset": [87, 100]}, {"key": "proposed-property-acquisition", "type": "definition", "offset": [107, 136]}, {"key": "in-this-clause", "type": "clause", "offset": [138, 152]}, {"key": "same-meaning", "type": "clause", "offset": [178, 190]}, {"key": "the-property", "type": "clause", "offset": [211, 223]}, {"key": "business-agents", "type": "clause", "offset": [234, 249]}], "size": 2, "samples": [{"hash": "2ulUfJ0fhC3", "uri": "/contracts/2ulUfJ0fhC3#material-fact", "label": "Buyer's Agency Exclusive Agreement", "score": 24.5263518138, "published": true}, {"hash": "d55LU71A1YC", "uri": "/contracts/d55LU71A1YC#material-fact", "label": "Buyer's Agency Exclusive Agreement", "score": 23.9869952088, "published": true}], "snippet": "The Buyer warrants they have supplied the Agent in writing with all the material facts in respect to their proposed property acquisition. 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Period of insurance means the length of time covered by this Contract of Insurance, as shown on the current Schedule and Certificate of Motor Insurance.", "hash": "bb4f0049ec5fe7f17d9205f8c36c3eea", "id": 5}, {"snippet_links": [{"key": "statements-made", "type": "clause", "offset": [10, 25]}, {"key": "with-reference-to", "type": "clause", "offset": [65, 82]}, {"key": "medical-information", "type": "definition", "offset": [83, 102]}], "size": 1, "samples": [{"hash": "k5AlHgcXvAB", "uri": "/contracts/k5AlHgcXvAB#material-fact", "label": "Membership Agreement", "score": 24.5770020534, "published": true}], "snippet": "Refers to statements made as being absolutely true and unbiased (with reference to medical information).", "hash": "81803d5321faca503d83446d0b195196", "id": 6}, {"snippet_links": [{"key": "material-facts", "type": "definition", "offset": [25, 39]}, {"key": "without-limitation", "type": "clause", "offset": [75, 93]}, {"key": "prior-to", "type": "definition", "offset": [159, 167]}, {"key": "the-assets", "type": "clause", "offset": [179, 189]}, {"key": "to-operate", "type": "definition", "offset": [190, 200]}], "size": 1, "samples": [{"hash": "jzDmTKX8583", "uri": "/contracts/jzDmTKX8583#material-fact", "label": "Reorganization Agreement", "score": 33.1206418052, "published": true}], "snippet": "T has disclosed to R all material facts regarding its business, including, without limitation, all material facts which a prudent purchaser would want to know prior to purchasing the Assets to operate such business.", "hash": "c05e38ec95d47557fc419b0702758572", "id": 7}, {"snippet_links": [{"key": "the-company", "type": "definition", "offset": [22, 33]}, {"key": "insurance-premium", "type": "definition", "offset": [90, 107]}, {"key": "the-terms-of-the-contract", "type": "clause", "offset": [111, 136]}], "size": 1, "samples": [{"hash": "6eYw4LbfGcE", "uri": "/contracts/6eYw4LbfGcE#material-fact", "label": "Insurance Agreement", "score": 21.4743326489, "published": true}], "snippet": "Any fact that affects the Company's decision to accept or reject insurance or affects the insurance premium or the terms of the contract.", "hash": "393092f74feb1f41c5d2d5545fca66ff", "id": 8}, {"snippet_links": [{"key": "insurance-premium", "type": "definition", "offset": [90, 107]}, {"key": "the-terms-of-the-contract", "type": "clause", "offset": [111, 136]}, {"key": "in-accordance-with", "type": "definition", "offset": [138, 156]}, {"key": "resolution-no", "type": "clause", "offset": [182, 195]}, {"key": "general-terms-and-conditions", "type": "definition", "offset": [246, 274]}, {"key": "the-company-will", "type": "clause", "offset": [279, 295]}, {"key": "maintain-accounts", "type": "clause", "offset": [296, 313]}, {"key": "insurance-operations", "type": "clause", "offset": [318, 338]}, {"key": "the-shareholders", "type": "clause", "offset": [353, 369]}, {"key": "provisions-of-the-law", "type": "clause", "offset": [430, 451]}, {"key": "supervision-of", "type": "clause", "offset": [455, 469]}, {"key": "insurance-companies", "type": "definition", "offset": [483, 502]}, {"key": "to-invest", "type": "clause", "offset": [530, 539]}, {"key": "all-funds", "type": "clause", "offset": [540, 549]}, {"key": "relating-to", "type": "definition", "offset": [559, 570]}, {"key": "rules-of", "type": "definition", "offset": [637, 645]}, {"key": "shariah-principles", "type": "definition", "offset": [646, 664]}, {"key": "consistent-with-the", "type": "clause", "offset": [672, 691]}, {"key": "company-investment-policy", "type": "definition", "offset": [692, 717]}, {"key": "approved-by", "type": "definition", "offset": [718, 729]}, {"key": "central-bank", "type": "clause", "offset": [740, 752]}, {"key": "return-of", "type": "clause", "offset": [802, 811]}, {"key": "the-policyholder", "type": "definition", "offset": [812, 828]}, {"key": "invested-funds", "type": "definition", "offset": [831, 845]}, {"key": "general-expenses", "type": "clause", "offset": [867, 883]}, {"key": "related-to", "type": "clause", "offset": [884, 894]}, {"key": "investment-activities", "type": "clause", "offset": [929, 950]}, {"key": "in-favor-of", "type": "clause", "offset": [1037, 1048]}, {"key": "in-case-of", "type": "clause", "offset": [1068, 1078]}, {"key": "the-annual", "type": "clause", "offset": [1198, 1208]}, {"key": "form-of", "type": "definition", "offset": [1282, 1289]}, {"key": "reduction-in", "type": "definition", "offset": [1290, 1302]}], "size": 1, "samples": [{"hash": "3elmaVVM774", "uri": "/contracts/3elmaVVM774#material-fact", "label": "Insurance Policy", "score": 23.4757015743, "published": true}], "snippet": "Any fact that affects the Company's decision to accept or reject insurance or affects the insurance premium or the terms of the contract. In accordance with Sharia Supervision Board Resolution No. (03), the company is committed to the following: General Terms and conditions:\n1. The Company will maintain accounts for insurance operations separate from the shareholders\u2019 accounts in accordance with the Implement- ing regulations provisions of the Law of Supervision of Co-operative Insurance Companies.\n2. The Company undertakes to invest all funds, whether relating to shareholders or the policyholders strictly in accordance with the rules of Shariah principles and in consistent with the Company Investment policy approved by the Saudi Central Bank. The Company will add or subtract the investment return of the policyholder\u2019s invested funds, and subtracting the general expenses related to the policyholder\u2019s portion of the investment activities.\n3. The Company, as the insurance administrator, will manage the insurance operations in favor of the policyholders. In case of net surplus in the insurance operations\u2019 account, it will be distributed in the following way: a- Ten percent (10%) of the annual net surplus shall be distributed to the policyholders directly or in the form of reduction in premiums for the next year.", "hash": "4175502afcd0bf13d05723890847854f", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZtYXRlcmlhbC1mYWN0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Material Fact", "children": [], "size": 16, "parents": [["no-other-representation", "No Other Representation"], ["tax-treatment-of-indemnity-payments", "Tax Treatment of Indemnity Payments"], ["public-announcements", "Public Announcements"], ["representations-and-warranties-of-t", "Representations and Warranties of T"], ["representations-and-warranties-of-r", "Representations and Warranties of R"]], "id": "material-fact", "related": [["material-facts", "Material Facts", "<strong>Material Facts</strong>"], ["misstatement", "Misstatement", "Misstatement"], ["no-misstatements", "No Misstatements", "No Misstatements"], ["disclosure-no-material-misstatements", "Disclosure; No Material Misstatements", "Disclosure; No Material Misstatements"], ["misstatements", "Misstatements", "Misstatements"]], "related_snippets": [], "updated": "2025-07-07T12:37:54+00:00", "also_ask": ["How should 'material fact' be precisely defined to minimize ambiguity and disputes?", "What negotiation leverage does the material fact clause provide in disclosure obligations?", "What are the most common drafting pitfalls that undermine enforceability of material fact clauses?", "How do courts typically interpret and test the materiality threshold in litigation?", "How does this clause compare to similar provisions in other jurisdictions or standard contracts?"], "drafting_tip": "Define 'material fact' precisely to avoid ambiguity; specify examples to clarify intent; require disclosure to ensure enforceability.", "explanation": "A Material Fact clause defines information that is significant or essential to a contract or transaction, such that its disclosure or omission could influence a party\u2019s decision to enter into the agreement. In practice, this clause requires parties to disclose any facts that could affect the value, risk, or outcome of the deal, such as known defects in a property sale or pending litigation in a business acquisition. Its core function is to ensure transparency and prevent one party from being misled by the omission of critical information, thereby reducing the risk of disputes or claims of misrepresentation."}, "json": true, "cursor": ""}}