Define: Legacy Product

How is Legacy Product defined in a legal contract?

• Legacy Product means any product that incorporates, alone or combined with other APIs, a certain target inhibitor, the structure of which was wholly or partially predicted, determined, produced, or developed using Metalloprotein Technology in a specific field. This product could include any form of target inhibitor. Seen in 3 SEC filings.
• Legacy Product means any product that is not a current product, but is a prior design, form, version or implementation (commercialized or not) that was superseded by a new product design, form, version or implementation. It was included in a product groups, and has the rights to use the IP Rights. Seen in 3 SEC filings.
• Legacy Product means any product that was purchased before a certain date. Seen in 2 SEC filings.
• Legacy Product means any product that is not an advanced product, but fulfills all the necessary conditions. Seen in 2 SEC filings.
• Legacy Product means an RI Data Product that contains Legacy RI Data and the provider obtained a Level III certification prior to a certain date. The certification is still valid. Seen in 1 SEC filing.
• Legacy Product means any product which was owned, created, designed, developed, manufactured, marketed, licensed, or sold by a group, that aren't currently marketed, licensed, sold or distributed by the group, but are in use by certain customers of the business and the group has service obligations towards them. Seen in 1 SEC filing.
• Legacy Product means software products which haven't been phased out, but for which standard support and maintenance services are no longer offered. Seen in 1 SEC filing.
• Legacy Product means a Covered Data Product that contains Legacy Covered Data and has obtained Level II Certification or Level III Certification before a certain effective date. The certification still stands valid. 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 legacy 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

Legacy Product means any previously commercialized product that is no longer in current production, distribution, or standard support.

Relevant Contract Types

• Product Licensing Agreement
• Business Sales Agreement
• Software Support and Maintenance Agreement

Relevant Circumstances

• When a company is selling old or phased out products.
• When a licensing agreement for an older product version is being negotiated.
• When providing a service agreement for continued support for older products.

Relevant Sectors

• Technology
• Manufacturing
• Retail

‍

Genie Definition 2

Legacy Product means any product purchased or developed before a specified date that fulfills all set parameters, conditions, and certifications.

Relevant Contract Types

• Asset Purchase Agreement
• Commercial Lease Agreement
• Supply Agreement

Relevant Circumstances

• When a company is transferring ownership of old inventory or assets.
• When leasing commercial spaces filled with old equipment or inventory.
• When a supplier is selling older models or versions of a product.

Relevant Sectors

• Real Estate
• Supply Chain
• Wholesale

‍