Legal Due Diligence · glossary
A contract whose terms, breach or loss could affect the price, the SPA or the deal itself. Value decides how much reading time it gets, but a cheap contract can still be material if the business needs it. The review answers eight standard questions for each one. Report §4 · Chapter 7
Explained in Chapter 7, Material Contracts, of Legal Due Diligence.
A material contract is one whose terms, breach or loss could affect the price, the SPA or the deal itself. The contracts workstream asks two questions about each one. What does it say about who can leave, when and at what cost? And what will the sale itself do to it?Read Chapter 7, Material Contracts →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Legal Due Diligence → · All terms A–Z →