A Material Breach is a contract term which refers to a failure in the performance of a contract, significant enough substantial failure to give the affected party the right to sue for damages as well as release the aggrieved party (non-breaching party) from its obligations. The Material Breach is a major breach that is considered serious enough to need to formally write to the business requiring action to be taken to deal with the material breach (Notification of Contravention (NoC)).
Related Definitions in the Project: The Project Management; Project Contract
