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Define: Material Change

The meaning of “Material Change” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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What is the most popular definition of 'Material Change'?

a change to the Agreement which may result in variation to the amount of the Fee equal to or greater than the threshold amount at Schedule 3 Part 3 and is therefore subject to the Change Procedure set out in Schedule 4 (Change Procedure);