A Materiality Scrape is a provision usually found in an acquisition agreement which provides that when determining whether a rep or warranty of the seller is inaccurate for indemnification purposes and/or determining the amount of damages arising from any such inaccuracy, any materiality qualification contained in the reps and warranties is to be disregarded (i.e. “scraped”).
ACCELERATE YOUR STARTUP LAW KNOWLEDGE!
Startup Law doesn’t have to be a confusing maze. The practical knowledge in "Acceleration: What All Entrepreneurs Must Know About Startup Law" will help you make the smart decisions to protect your startup and its future. Available in ebook and hardcover.
Buy the Book on Amazon