How is Existing Product defined in a legal contract?
- Existing Product means any formulation of the same product category and form that has been sold, supplied, manufactured, or offered for sale prior to a certain dates, or any subsequently introduced identical formulation. Seen in 48 SEC filings.
- Existing Product means any formulation that fits within the same product category, and has been sold, supplied, manufactured, or offered for sale. Seen in 14 SEC filings.
- Existing Product means a licensed product developed by or for a person and offered for sale by that person at or prior to a specific date. Seen in 10 SEC filings.
- Existing Product means any formulation of a specific product category and form that has been sold, supplied, manufactured or offered for sale in Illinois or any identical formulation. Seen in 5 SEC filings.
Please note that specific locations have been removed from the definitions to make them universally applicable. Certain definitions have been removed to avoid references to particular organizations, entities or regions.
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 existing product' 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
Existing Product means a formulation that has been previously sold, supplied, or manufactured.
Relevant Contract Types
Relevant Circumstances
- Restructuring manufacturing processes
- Expanding distribution network
- Launching new products
- Negotiating sales terms for pre-existing products
Relevant Sectors
Genie Definition 2
Existing Product means a licensed product developed and sold before a particular date.
Relevant Contract Types
Relevant Circumstances
- Licensing IP for existing products
- Collaborative R&D endeavors
- Partnership to develop new products
- Sales of products developed under a previous agreement
Relevant Sectors
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Existing Product means a formulation that has been previously sold, supplied, or manufactured
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