How is Virtualized Environment defined in a legal contract?
- Virtualized Environment means an operating system framework where multiple virtual systems can operate on a single physical machine or a group of machines, using the resources of the physical machine. In such an environment, a virtual processor can operate on only one physical processor at a time. Seen in 9 SEC filings
- Virtualized Environment means the installation of software on a hardware partition, blade, or server terminal to run, use, or access the software via [organization]’s computing devices directly connected to [organization]’s internal network or [organization]’s virtual private network, up to the maximum number of software licenses purchased. 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
Virtualized Environment means an operating system allowing multiple virtual systems to run on one physical machine, consuming its resources.
Relevant Contract Types
- Software License Agreement
- Managed Services Agreement
- Cloud Services Agreement
- Information Technology Services Agreement
Relevant Circumstances
- Setting up a virtualized work environment for remote employees
- Consolidating servers or data centers
- Implementing cloud computing services
- Licensing software for deployment in a virtual environment
Relevant Sectors
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Virtualized Environment means an operating system allowing multiple virtual systems to run on one physical machine, consuming its resources.
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