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Simple English definitions for legal terms
material change in circumstances
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A quick definition of material change in circumstances:
A material change in circumstances refers to a significant change that affects a situation or decision. For example, if someone's financial situation changes drastically, it could be considered a material change in circumstances. In legal terms, this can impact decisions made in court or contracts that have been signed. It is important to pay attention to material changes in circumstances because they can have a big impact on the outcome of a situation.
Material evidence is information that is important and relevant to a case. This evidence can help prove or disprove a claim or argument. It is important to present all material evidence in court to ensure a fair and just outcome.
A material fact is a piece of information that is important and relevant to a situation or decision. For example, if someone is buying a car, the fact that the car has been in a major accident would be considered a material fact. It is important to disclose all material facts to ensure that everyone involved has all the necessary information to make an informed decision.
Material information is information that is important and relevant to an investment decision. This information can impact the price of a stock or other investment. It is important for investors to have access to all material information to make informed decisions about their investments.
A more thorough explanation:
A material change in circumstances refers to a significant change in a situation or condition that can affect a legal decision or agreement. This change must be important enough to impact the outcome of the decision or agreement.
- During a divorce proceeding, one spouse loses their job. This is a material change in circumstances that may affect the amount of spousal support awarded.
- In a contract for the sale of a house, the seller discovers that the roof needs to be replaced. This is a material change in circumstances that may affect the price of the house.
These examples illustrate how a material change in circumstances can impact legal decisions or agreements. In both cases, the change is significant enough to affect the outcome of the situation.