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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Material Contract Breach

A Breach of Contract involving one or more of the key elements of the Contract not being provided or undertaken as agreed.

A breach which deprives the non-breaching Party substantially of the whole benefit of the Contract.

Contract management software can help you to identify early signs of a potential breach by giving you visibility of: 

  • Real-time market intelligence and daily alerts about changes including legal issues.
  • Poor supplier performance
  • Non-compliance in the form of certificates expiring
  • Increasing Risk Scores and changing RAG Statuses for vendors