Define: Market Sale

How is Market Sale defined in a legal contract?

• Market Sale means a broker's transaction within the securities law. Seen in 21 SEC filings.
• Market Sale means the process of selling shares of common stock, acquired through the conversion of shares, on the open market in accordance with the exemptions from the registration requirements of the Securities Act. Seen in 8 SEC filings.
• Market Sale means a sale where the highest possible price is achieved in terms of cash or equivalent. This sale happens in an open and competitive market under all requirements needed for a fair sale, with the buyer and seller acting sensibly, informed and without undue stimulation. Seen in 7 SEC filings.
• Market Sale means a transition from one owner to another, in which the sale of stocks of a Corporation by the Trusts, following the standards of Section [clause] of the Registration Agreement. Seen in 5 SEC filings.
• Market Sale means the sale of shares on the stock exchange, including any share sales conducted. Seen in 5 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

Market Sale means a legally-compliant transaction involving sale of shares or stock on the open and competitive market.

Relevant Contract Types

• Share Sale and Purchase Agreements
• Stock Purchase Agreements
• Securities Purchase Agreements

Relevant Circumstances

• When shares or stock are sold on the open market
• When a business owner wants to sell their shares

Relevant Sectors

• Banking and Finance
• Real Estate

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Genie Definition 2

Market Sale means the transition of ownership through the selling of stocks or shares following the standards of relevant [governing law or clause].

Relevant Contract Types

• Business Transfer Agreements
• Asset Purchase Agreements

Relevant Circumstances

• When an owner wants to sell their business
• When a company wants to sell its assets

Relevant Sectors

• Business Services
• Information Technology

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Genie Definition 3

Market Sale means a sale achieving the highest possible price in cash, or equivalent, conducted prudently and informed in an open market.

Relevant Contract Types

• Sale and Purchase Agreements
• Property Sale Agreements

Relevant Circumstances

• When an individual or an entity is selling property
• When assets are sold for the best possible price

Relevant Sectors

• Real Estate
• Retail

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