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How is Reservation System defined in a legal contract?

• Reservation System means the equipment and software used for reserving resources. Seen in 40 SEC filings.
• Reservation System means a procedure or method that allows a customer to book the use of a service or location for specified time periods. This system may be managed by multiple parties. And if the usage of an exchange program is the primary means of securing reservations, it's considered part of this system. Seen in 28 SEC filings.
• Reservation System means the system used by an unspecified club for booking purposes, and is owned either by the club's management entity or a contracted third party Seen in 22 SEC filings.
• Reservation System means a method or setup required to be utilized by users for reserving the use of services or locations within a time-share plan. Seen in 12 SEC filings.
• Reservation System means any unspecified system related to booking and that's related to an unspecified hotel. Seen in 11 SEC filings.
• Reservation System means the centralized system used for booking all resorts. Seen in 10 SEC filings.
• Reservation System means any system chosen by a franchisor for hotels within their system to use for making reservations. This includes software, hardware and related electronic access. Seen in 9 SEC filings.

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

• Reservation System means the method and equipment used to book services or locations for set time periods.

Relevant Contract Type

• Software License Agreement
• Service Level Agreement

Relevant Circumstances

• Implementing a new software schedule for resource management
• Outsourcing booking services to a third party
• Updating an existing reservation software stack

Relevant Sectors

• Hospitality
• IT Services
• Healthcare

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Genie Definition 2

• Reservation System means a centralized system designated for scheduling the use of resources across a network of locations.

Relevant Contract Type

• Franchise Agreement
• Business Partnership Agreement
• Enterprise Service Agreement

Relevant Circumstances

• Establishing a franchise network with standardized reservation systems
• Creating a partnership where multiple sites will use a shared booking platform
• Procuring an enterprise-wide resource booking solution

Relevant Sectors

• Real Estate
• Retail
• Travel and Tourism

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