Material Adverse Change Definition
Type
Practical Guidance
Document type
Precedent
Date
13 Apr 2023
Jurisdiction
Kuwait
Taxonomy
General Tax Law, General Information Technology & Telecommunications, General Intellectual Property law, General Commercial Law, General Banking & Finance Law
Copyright
LexisNexis
Definition
Material Adverse Change means any change, event, circumstance or effect occurring before Completion that individually or taken in the aggregate is, or is reasonably likely to be, materially adverse to the business, operations, assets, position (financial, trading or otherwise), liabilities, profits or prospects of insert name of party or other entity;