How is Commercial Business defined in a legal contract?
- Commercial Business means all non-residential facilities that are involved in business or trade, regardless of whether they operate for profit or not, or whether they are publicly or privately owned. Seen in 5 SEC filings
- Commercial Business means an entity that offers personal services, which could include guidance, instruction, education, and recreation. Seen in 2 SEC filings
Please note: The remaining definitions of Commercial Business were omitted as the definitions contained mentions of specific organizations, locations or numbers which are not suitable for a generic definition, or those referencing associations and specific clauses, schedules or appendixes.
Note: The Genie AI Legal Assistant 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.
Search EDGAR for 'Definitions of commercial business' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant 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
- Commercial Business means any non-residential entity engaging in trade or provision of personal services, profit-oriented or otherwise, irrespective of ownership.
Relevant Contract Type
Relevant Circumstances
- Acquisition or sale of business entities
- Setting up a franchise
- Renting a property for business purposes
Relevant Sectors
Genie Definition 2
- Commercial Business means [any short definition less than 5 words].
Relevant Contract Type
Relevant Circumstances
- Merging of two businesses
- Loan procurement for businesses operations
- Forming a business partnership
Relevant Sectors
Commercial Business means any non-residential entity engaging in trade or provision of personal services, profit-oriented or otherwise, irrespective of ownership
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