Define: Existing Business

How is Existing Business defined in a legal contract?

• Existing Business means the commitments on a transmission provider’s system at the time a calculation is made.
  Seen in 9 SEC filings
• Existing Business means the assets of any business that is operating or has ceased operating.
  Seen in 5 SEC filings
• Existing Business means the business of providing hairdressing, beauty salon and other related services and goods.
  Seen in 4 SEC filings
• Existing Business means any business conducted or investment held by a group (including any joint venture agreement), including any enhancements or extensions thereof.
  Seen in 4 SEC filings
• Existing Business means all authorized sublicenses that provide a licensed product to authorized users or all enterprises, which were defined under a prior agreement and existing prior to the effective date, to receive certain services.
  Seen in 4 SEC filings
• Existing Business means the existing direct business and existing reinsured business at the rates in existence at the commencement date, including any renaming, rebranding, product change or variation thereto.
  Seen in 3 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 existing 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

• Existing Business means all operational or previously operational activities of a [Business Entity], including any extensions, enhancements, product changes, or variations.

Relevant Contract Types

• Merger and Acquisition Agreements
• Joint Venture Agreements
• Partnership Agreements

Relevant Circumstances

• When a company is selling its business.
• When a company is merging with another company.
• When a company is entering into a partnership or joint venture.
• When there’s a change in business operations, products or services.

Relevant Sectors

• Manufacturing Sector
• Technology Sector
• E-commerce Sector

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Genie Definition 2

• Existing Business means delivery and performance of [Specific Services] to authorized recipients or offerings to certain enterprises as defined under a prior agreement.

Relevant Contract Types

• Service Level Agreements
• Provider Agreements
• Reseller Agreements

Relevant Circumstances

• When a company is defining the scope of its services in a contract.
• When there's an agreement to supply specific services as per a previous agreement.

Relevant Sectors

• Consulting Services Sector
• Information Technology Services Sector
• Healthcare Services Sector

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