Define: In principle approval

How is In principle approval defined in a legal contract?

• In principle approval means the initial acceptance of an application for a work pass issued by a relevant official under a given [clause]. Seen in 7 SEC filings
• In principle approval means the validation by the relevant authority establishing the viability of a shipyard's claim for financial support for a vessel under construction, hinged on the fulfilment of prescribed policy guidelines. Seen in 7 SEC filings
• In principle approval means a decision made by the Council to grant rights of use, control, or management of a municipally owned, immovable asset. This decision can also be made by a delegate if the decision-making powers have been assigned under a specific [clause]. Seen in 5 SEC filings
• In principle approval means a broad approval to an investment proposal by an authoritative board for facilitation purposes only, contingent upon clearances from relevant competent authorities under applicable state laws. Seen in 4 SEC filings
• In principle approval means an eligible applicant has fulfilled the requirements for a [organization] scholarship and is in the process of satisfying any course entry and enrollment requirements to participate as a student of [organization]. Seen in 3 SEC filings
• In principle approval means the Council's approval to dispose immovable property, considering the requirements of [clause] and subject to adherence to the City’s Disposal Management System. Seen in 2 SEC filings
• In principle approval means a preliminary approval given to an investment proposal by a board strictly for facilitation purposes. 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 in principle approval' 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

• In principle approval means the initial acceptance by an authoritative entity for a proposed action subject to fulfillment of set conditions.

Relevant Contract Types

• Employment Contract
• Legal Services Agreement
• Partnership Agreement
• Shareholders Agreement
• Business Sale Agreement

Relevant Circumstances

• Proposal for new hires or promotions.
• Introduction of novel services.
• Initiation of a new partnership.
• Purchase or sale of business shares.
• Sale of an entire business.

Relevant Sectors

• Human Resources
• Legal
• Business Management
• Finance

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Genie Definition 2

• In principle approval means a preliminary sanction by an authoritative board to an investment proposal solely for facilitation reasons.

Relevant Contract Types

• Investment Agreement
• Joint Venture Agreement
• Loan Agreement
• Merger Agreement

Relevant Circumstances

• Expression of interest in an investment opportunity.
• Establishment of a joint venture.
• Application for a loan.
• Merger discussions and negotiations.

Relevant Sectors

• Investment Banking
• Venture Capital
• Banking
• Mergers and Acquisitions

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