material adverse change clause
C1CEFR level
70/100Rarity: rare
TechnicalRegister
A provision letting a buyer walk if the target suffers a serious deterioration before closing.
They invoked the material adverse change clause when the target lost its biggest customer mid-deal.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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