Define: Disadvantaged group

How is disadvantaged group defined in a legal contract?

• Disadvantaged group means individuals or groups that mainstream society denies access to resources and tools necessary for their survival or individuals who have been subject to prejudice or cultural biases due to their group identities, irrespective of their individual qualities. Further, it includes enterprises where the majority of members or shareholders consist of youth, women, persons with disabilities, or other prescribed categories. Seen in 12 SEC Filings
• Disadvantaged group means people in vulnerable situations, including those at risk of poverty or experiencing social exclusion or discrimination in multiple aspects of life. Seen in 5 SEC Filings
• Disadvantaged group means individuals who are homeless or temporarily displaced. Seen in 5 SEC Filings
• Disadvantaged group means individuals that experience discrimination or barriers to equal opportunities, including Indigenous people, racialized groups, LBGTQ+ people, at-risk youth, the working poor, people with disabilities, the long-term unemployed, and women. Seen in 1 SEC Filing

Please note that the term ""disadvantaged group"" doesn't include state-defined groups, children below the poverty line or from minority communities, or children residing in extremely backward rural areas.

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 disadvantaged group' yourself to verify these results. We are always keen to point people to source documents.

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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.

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Genie Definition 1

• Disadvantaged group means individuals denied societal resources and opportunities due to their identities, including those facing long-term unemployment or homelessness.

Relevant Contract Types

• Employment Agreement
• Non-Discrimination Policy
• Diversity and Inclusion Policy
• Grant Agreement
• Service Agreement

Relevant Circumstances

• Hiring and employment practices
• Grants and scholarships
• Non-profit and social work
• Corporate social responsibility initiatives
• Program development for social welfare services

Relevant Sectors

• Non-profit
• Government
• Healthcare
• Education

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Genie Definition 2

• Disadvantaged group means units where most members, specifically youth, women, and persons with disabilities, lack societal advantage.

Relevant Contract Types

• Affirmative Action Program Agreement
• Entity Formation Agreement
• Operational Agreement
• Partnership Agreement

Relevant Circumstances

• Corporate governance
• Business formation and partnerships
• Affirmative action plans and programs
• Corporate social responsibility initiatives

Relevant Sectors

• StartUp
• Technology
• Construction
• Retail

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