Define: Deemed Necessary

The meaning of “Deemed Necessary” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

How is Deemed defined in a leHow is Deemed Necessary defined in a legal contract?

  • Deemed Necessary means a withdrawal that matches the financial need, provided all conditions are met. This implies that the amount withdrawn should not surpass the financial necessity. Seen in 14 SEC filings
  • Deemed Necessary means a withdrawal that is seen as critical to satisfy the financial need when all terms are adhered to. Seen in 6 SEC filings
  • Deemed Necessary means a withdrawal that corresponds precisely to the financial need, considering any taxes or penalties projected as a result of the withdrawal, with all conditions being met. Seen in 2 SEC filings
  • Deemed Necessary means psychiatric services required to avert, diagnose, or treat a psychological ailment, injury, disease, or its symptoms, which align with accepted standards of psychiatry. Seen in 1 SEC filing

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

gal contract?

  • Deemed means the status awarded when accreditation is received from a recognized accrediting body that has a current agreement.
    Seen in 40 SEC filings
  • Deemed means the amount of a claim based on the scheduled amount unless a proof of claim supersedes it.
    Seen in 9 SEC filings
  • Deemed means meeting specific requirements to qualify for other categories of certification.
    Seen in 5 SEC filings
  • Deemed means adding to the normal meaning of words.
    Seen in 4 SEC filings
  • Deemed means a state accepted until otherwise proven.
    Seen in 3 SEC filings
  • Deemed means the state of assumed approval under certain criteria.
    Seen iGenie Definition 1
  • Deemed Necessary means a withdrawal meeting financial need without exceeding it and with all conditions complied.
  • Relevant Contract Types
  • Loan Agreements
  • Lease Agreements
  • Debt Restructuring Contracts
  • Retirement or Pension Plans
  • Relevant Circumstances
  • Loan Default Situations
  • Resolution of Disputed Debts
  • Retirement Payouts
  • Relevant Sectors
  • Banking and Finance
  • Real Estate
  • Consumer Goods and Services
  • n 3 SEC filings
  • Deemed means a condition accepted until otherwise proven.
    Seen in 2 SEC filings
  • Deemed means the act of holding a particular judgement or decision.
    Seen in 2 SEC filings

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 deemed’ 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

  • Deemed means a condition or status is given, approved, or accepted until proven otherwise.

Relevant Contract Types

Relevant Circumstances

  • Accreditation processes
  • Disputes over contract terms
  • Determining status or condition of parties involved
  • During negotiation for service level agreements
  • Contingency planning

Relevant Sectors

Genie Definition 2

Deemed Necessary means all psychiatric services needed to address a psychological condition following accepted standards.

Relevant Contract Types

  • Health Care Provider Contracts
  • Employee Assistance Program (EAP) Contracts
  • Health Insurance Policies

Relevant Circumstances

  • Treatment of Mental Health Disorders
  • Provision of Counseling Services
  • Employee Wellness Program Implementation

Relevant Sectors

  • Health Care
  • Human Resources
  • Insurance

Genie Definition 2

  • Deemed means an agreed understanding to extend the normal meaning of terms.

Relevant Contract Types

Relevant Circumstances

  • Intellectual property transfers
  • Business acquisitions
  • Partnership formations
  • Terms negotiation in contracts
  • Interpreting legal terminologies in agreements

Relevant Sectors

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “Deemed Necessary" in your document? 

🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)

What is the most popular definition of 'Deemed Necessary'?

Deemed Necessary means a withdrawal meeting financial need without exceeding it and with all conditions complied.

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Collaborations with