How is Commercial Activities defined in a legal contract?
- Commercial Activities means actions, the end result of which is the creation of goods or provision of services, which are then sold on the market. These activities are undertaken with the objective of making a profit. Seen in 32 SEC filings
- Commercial Activities means actions that are delivered for profit, but does not include private, community service, state-sponsored, or free speech activities. Seen in 19 SEC filings
- Commercial Activities means actions which are conducted on a commercial basis. Seen in 18 SEC filings
- Commercial Activities means actions for which payment is made to a person or business for services provided within a certain area. This may include the use of any permanent or temporary structures, fixtures, or equipment primarily for the purpose of generating any property, good, product or service. Seen in 11 SEC filings
- Commercial Activities means actions which are executed with the main objective of maximising financial or economic returns. Seen in 10 SEC filings
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Commercial Activities means actions leading to creation, provision, or sale of goods or services for profit.
Relevant Contract Types
Relevant Circumstances
- Establishment of new businesses
- Partnership agreements
- Transfer of business ownership
- Outsourcing of services
Relevant Sectors
Genie Definition 2
Commercial Activities means actions undertaken on a commercial basis, not including community service or non-profit activities.
Relevant Contract Types
Relevant Circumstances
- Initiating professional relationships
- Joint ventures
Relevant Sectors
Genie Definition 3
Commercial Activities means undertakings aiming to maximize financial or economic returns.
Relevant Contract Types
Relevant Circumstances
- Investments
- Mergers and acquisitions
Relevant Sectors
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Commercial Activities means actions leading to creation, provision, or sale of goods or services for profit.
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