Glossary · Part 4, The Deal Terms

Materiality scrape

A provision that removes “materiality” qualifiers from the seller’s representations, widening what the seller can be held responsible for. Sellers resist it.

Where it shows up in the book

Chapter 28Escrows, Indemnification, and Post-Closing RiskHow much of the price is really at risk after closing?

Look it up in a sentence, then read the chapter

Nothing in the book needs a dictionary of jargon to follow, but when a piece of deal language shows up, this is where it is defined. The chapters hold the reasoning.

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