Define: Ordinary Business

How is Ordinary Business defined in a legal contract?

• Ordinary Business means conducting normal proceedings at an Annual General Meeting which encompasses the review of financial statements, reports of Directors and Auditors, announcement of any dividends, appointment of retiring Directors, and appointment and remuneration fix of Auditors. Seen in 9 SEC filings.
• Ordinary Business means the usual activities performed at an Annual General Meeting which include considering and approving the Minutes of the last Annual General Meeting and any subsequent Special Meetings, receiving and analysing the most recent financial statements of the [organization] and Public Accountant’s report, electing Directors, appointing the Public Accountant for the following year, and determining the remuneration of the Public Accountant for the following year. Seen in 6 SEC filings.
• Ordinary Business means usual tasks carried out at an Annual General Meeting. Seen in 4 SEC filings.
• Ordinary Business means the supply of library service to [organization] decided by the Board that is not deemed by the Board to be an Additional Service or a Special Project. Seen in 3 SEC filings.
• Ordinary Business means matters to be handled at an Annual General Meeting related to the examination of financial statements, consolidated financial statements, if any, and the reports of the Board of Directors and Auditors. Seen in 3 SEC filings.
• Ordinary Business means the usual items of business conducted at an Annual General Meeting as per [clause]. Seen in 2 SEC filings.
• Ordinary Business means any operations of [organization]. Seen in 2 SEC filings.
• Ordinary Business means regarding a meeting of the members, the execution of any operations mentioned in Part Three of [schedule] of [clause]. Seen in 2 SEC filings.

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 ordinary business' 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

• Ordinary Business means usual proceedings at an Annual General Meeting, considering financial statements, electing Directors, and setting remuneration.

Relevant Contract Types

• Shareholder Agreements
• Partnership Agreements
• Corporate Bylaws
• Operating Agreements
• Joint Venture Agreements

Relevant Circumstances

• When setting up a new corporation or partnership
• When changes are made to the board of directors
• When business financials are assessed annually

Relevant Sectors

• Corporate Sector
• Business Management
• Non-Profit Organizations

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Genie Definition 2

• Ordinary Business means the standard services provided by an [organization], as determined by the Board.

Relevant Contract Types

• Service Agreements
• Consulting Agreements
• Vendor Agreements

Relevant Circumstances

• When defining the scope of services in a consulting or vendor contract
• When clarifying the responsibilities of a service provider

Relevant Sectors

• Consulting Services
• IT Services
• Professional Services
• Supply Chain and Logistics

Genie Definition 2

• Ordinary Business means the standard services provided by an [organization], as determined by the Board.

Relevant Contract Types

• Service Agreements
• Consulting Agreements
• Vendor Agreements

Relevant Circumstances

• When defining the scope of services in a consulting or vendor contract
• When clarifying the responsibilities of a service provider

Relevant Sectors

• Consulting Services
• IT Services
• Professional Services
• Supply Chain and Logistics

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