Define: Core System

How is Core System defined in a legal contract?

• Core System means a client setup comprising of certain development and server environments, a number of users, a specific repository, sets of documentation formats, and allotted training days. Seen in 1 SEC filing
• Core System means a cluster or aggregation of products that are designed by the provider to function as a single entity in accordance to the provided specifications or as described by the provider's publicly available information. It can include certain circuit packs or connecting cables that form part of a specific type of switch system. However, it would not include other systems such as call centers or voice mail systems, even if they interface with the system itself, as they can be supplied by different manufacturers and function independently of the main system. Seen in 3 SEC filings
• Core System means the base variant of a product without any adaptive modifications. Seen in 2 SEC filings
• Core System means the technology infrastructure, including computers, software, hardware, databases, electronic systems, and networks on or with which a system is built and intended to operate as mentioned in a specified agreement document. Seen in 1 SEC filing

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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

• Core System means a cohesive collection of interfaces, software, and hardware designed to operate as a functional unit.

Relevant Contract Types

• Software License Agreement
• Services Agreement
• IT Services Contract
• Technology Transfer Agreement

Relevant Circumstances

• Acquisition or development of a new software system
• Purchase or outsourcing of IT infrastructure
• Licensing of a technology or software product
• Collaboration between companies for the development of a new technological solution

Relevant Sectors

• Technology
• Healthcare
• Finance
• Manufacturing

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Genie Definition 2

• Core System means the fundamental product or service, excluding additional enhancements or modifications.

Relevant Contract Types

• Sales and Purchase Agreement
• Supply Agreement

Relevant Circumstances

• Sale or purchase of goods or services
• Agreement specifying base and additional components of a product or service

Relevant Sectors

• Retail
• Manufacturing

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Genie Definition 3

• Core System means specified information-technology resources designed to support a system build or operation.

Relevant Contract Types

• IT Support Agreement
• Outsourcing Agreement

Relevant Circumstances

• Providing IT support services
• Outsourcing IT functions or services

Relevant Sectors

• Information Technology
• Financial Services

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