How is Immediate Corrective Action defined in a legal contract?
- Immediate Corrective Action means an urgent response needed to address an issue before funds become available in the next normal funding cycle. Seen in 7 SEC filings.
- Immediate Corrective Action means a response to mitigate significant hazards such as fire, explosion or vapour release, including immediate or short-term measures to stop further spread. Seen in 3 SEC filings.
- Immediate Corrective Action means specific disciplinary sanctions as described in the contractual terms. 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 immediate corrective action' 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
- Immediate Corrective Action means an urgent, short-term response to mitigate significant hazards or issues before the next standard funding cycle.
Relevant Contract Types
Relevant Circumstances
- Workplace safety issues
- Project execution problems
- Service delivery delays
- Noncompliance with policies, rules or regulations
Relevant Sectors
Are you creating, reviewing or negotiating a 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!)
Immediate Corrective Action means an urgent, short-term response to mitigate significant hazards or issues before the next standard funding cycle.
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
Book your personalised demo now
