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 2
Competitor means an individual or entity owning, licensing, franchising, or having control in a competing brand.
Relevant Contract Types
Relevant Circumstances
- A brand establishing its market competition
- Entities ascertaining competitors in patent applications
- when creating marketing strategies.
Relevant Sectors
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Competitor means an entity directly or indirectly engaging in similar business activities or offering rival products or services, regardless of business structure
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