Define: Base Model

How is Base Model defined in a legal contract?

• Base Model means the primary template or structure which may be subject to updates and modifications at [organization]'s discretion. Seen in 6 SEC filings.
• Base Model means a specific product model furnished with all standard features, equipment, and options. This model, however, does not account for the cost of additional features or accessories that can be acquired separately. Seen in 5 SEC filings.
• Base Model means the fundamental blueprint for the design of various types of residential buildings such as detached houses, semi-detached houses, townhouses, duplexes, and live/work residences. This design includes one layout but excludes any optional features and floor plan variations. Seen in 2 SEC filings.
• Base Model means the project's financial model to be mutually agreed upon by the Management Committee. The model is expected to be established within a [number] [time period] from the Effective Time and may be subject to modifications upon negotiations. Seen in 2 SEC filings.
• Base Model means a representative model of a Licensed Product submitted to Licensor which can further support the registration and approval of multiple similar products. 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 base model' 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 2

• Base Model means a financial model mutually agreed upon within a [time frame], potentially subject to future negotiations.

Relevant Contract Types

• Investment Agreement
• Shareholder Agreement
• Joint Venture Agreement
• Mergers and Acquisitions

Relevant Circumstances

• Financial planning for a project or a business.
• Agreement upon budget and financial expectations.

Relevant Sectors

• Finance
• Real Estate
• Banking
• Private Equity

‍