Define: Business activity

How is Business activity defined in a legal contract?

• Business activity means the term as defined within the legal parameters of a business tax act. Seen in 37 SEC filings.
• Business activity means the transfer of legal or equitable title to, or rental of property, real or personal, tangible or intangible or the performance of services or a combination thereof, which are made or engaged in for the object of gain, benefit, or advantage, direct or indirect, to the taxpayer or others. This does not include services rendered by an employee to his employer, services as a director of a corporation, or a casual transaction. Seen in 25 SEC filings.
• Business activity means any activity regulated by any of the financial licensing acts. Seen in 23 SEC filings.
• Business activity means any of the elements of doing business. The income reportable as income earned from business activity is all business incomes from sources that are taxable incomes under local legal regulations unless exempted or excluded. Seen in 11 SEC filings.
• Business activity means a temporary activity directly related to the business interests of the employer and to the professional duties of the EU Blue Card holder based on a work contract. Activities include attending internal or external business meetings, conferences or seminars, negotiating business deals, undertaking sales or marketing activities, exploring business opportunities, or attending and receiving training. Seen in 11 SEC filings.
• Business activity means the essential and customary facilities, such as buildings, parking lots, storage or processing areas regularly used to conduct the business. It does not include driveways, fences, or structures placed for the purpose of signage qualifications. Seen in 8 SEC filings.
• Business activity means any activity engaged in for gain or reward in any sector of the economy. Seen in 8 SEC filings.
• Business activity means gainful economic activities performed on a regular basis for compensation, involving the conclusion of deals which has not been individually negotiated. Seen in 7 SEC filings.

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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

• Business activity means engaging in regulated activities for gain, reward, or advantage, involving a transfer of title, rental of property, or delivery of services.

Relevant Contract Types

• Services Agreement
• Lease Agreement
• Property Sale Agreement
• Business Purchase Agreement

Relevant Circumstances

• Sale of a business or property
• Render of services for payment
• Lease or rental of property

Relevant Sectors

• Real Estate
• Retail
• Finance
• Services

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Genie Definition 2

• Business activity means operational tasks or transactions undertaken regularly as part of the employer's business interests, or professional duties.

Relevant Contract Types

• Employment Agreement
• Consultant Agreement

Relevant Circumstances

• Appointment of an employee or a consultant
• Arrangement for a professional service by an employee, consultant, or a business entity.

Relevant Sectors

• Human Resources
• Consulting
• Information Technology

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Genie Definition 3

• Business activity means the regular use of essential facilities, such as buildings or storage areas, to conduct a business.

Relevant Contract Types

• Commercial Lease Agreement
• Warehouse Agreement

Relevant Circumstances

• Lease or rental of space for conducting business
• Use of commercial properties for operations

Relevant Sectors

• Manufacturing
• Logistics

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