How is Reasonable Person Standard defined in a legal contract?
- Reasonable Person Standard means an objective test to determine if a diligent person who executes an average level of care, expertise, and discernment would be justified in reaching similar conclusions under identical situations or having knowledge of the same facts. Seen in 6 SEC filings
- Reasonable Person Standard means whether or not a reasonable individual in approximately the same position as the complainant would judge discrimination to have transpired as a result of another's behavior or pattern of behavior. Seen in 2 SEC filings
- Reasonable Person Standard means that a typical individual, without specialized knowledge or training, would consider a decision to be logical. 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.
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
- Reasonable Person Standard means an objective measure assessing if a typical individual, under identical circumstances and facts, would reach a logical decision.
Relevant Contract Types
Relevant Circumstances
- Disagreements between partners or employees
- Decisions made during daily business operations
- Risk assessment situations
Relevant Sectors
Genie Definition 2
- Reasonable Person Standard means if a standard person in the same position would perceive a pattern of behavior as discriminatory.
Relevant Contract Types
Relevant Circumstances
- Situations where alleged discriminatory behavior occurred
- Cases involving interpretation of employee handbook guidelines
- Instances where harassment or discrimination claims are raised
Relevant Sectors
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Reasonable Person Standard means an objective measure assessing if a typical individual, under identical circumstances and facts, would reach a logical decision
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