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How is Departure Time defined in a legal contract?

• Departure Time means the designated time when a vehicle leaves a stop as specified in the relevant schedule. Seen in 3 SEC filings
• Departure Time means the moment post boarding, when all doors of the aircraft have been securely fastened. Seen in 3 SEC filings
• Departure Time means the moment an aircraft begins to move under its own power or under tow, signifying the commencement of a flight. Seen in 1 SEC filing
• Departure Time means the time at which the doors are closed and the train is ready to move forward while in revenue service. Seen in 1 SEC filing
• Departure Time means the time span between the receipt of a request from the Owner for an onsite intervention by Vendor, and the time when the Vendor's expert is dispatched to the Owner’s Site. Seen in 1 SEC filing

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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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.

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Genie Definition 1

• Departure Time means the instance a vehicle, such as a train, aircraft or bus, commences movement post boarding.

Relevant Contract Types

• Transportation Services Contract
• Aircraft Lease Agreement
• Public Transport Contract

Relevant Circumstances

• When hiring a private jet for business or leisure
• Arranging logistics for public transportation systems
• Coordinating school or corporate bus services

Relevant Sectors

• Aviation
• Public Transportation
• Logistics

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Genie Definition 2

• Departure Time means the interval between request receipt and expert dispatch for an intervention by [vendor].

Relevant Contract Types

• Service Level Agreement
• Software Maintenance Agreement
• IT Support Agreement

Relevant Circumstances

• When an IT company is providing tech support for corporate clients
• For any vendor-customer relationship that requires swift onsite service upon request
• Service contracts with an implied or expressed service time request-to-fulfillment promise

Relevant Sectors

• Information Technology and Services
• Telecommunications
• Facilities Services

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