How is Purpose of Transaction defined in a legal contract?
- Purpose of Transaction means the intent or reasons for the transaction. Seen in 1 SEC filing
- Purpose of Transaction means an explanation about why a transaction is being conducted or the reason for which the funds will be used. Examples of purpose of transaction are: family support, education, medical, tourism, debt settlement, financial investment, direct investment, or trading. For verification of the purpose of transaction, documents may include any documentation proving the purpose for which the money will be used. Seen in 1 SEC filing
- Purpose of Transaction means an explanation about why a transaction is being conducted or the reason for which the funds will be used. For verification of the purpose of the transaction, documents may include any documentation proving the purpose for which the money will be used. 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 purpose of transaction' 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
- Purpose of Transaction means the specific intent for carrying out a transaction
Relevant Contract Types
Relevant Circumstances
- Corporate asset restructuring
- Real estate transaction
- Strategic partnerships
- Mergers & acquisitions
- Investment funding or loans
Relevant Sectors
Genie Definition 2
- Purpose of Transaction means reasons for usage of monetary funds
Relevant Contract Types
Relevant Circumstances
- Borrowing or lending
- Capital investment
- Franchising business
- Balance sheet management
- Equity sale & purchase
Relevant Sectors
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Purpose of Transaction means the specific intent for carrying out a transaction
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