Define: Mutual Consent

How is Mutual Consent defined in a legal contract?

• Mutual Consent means the approval of the majority of each team's members. Seen in 6 SEC filings.
• Mutual Consent means two-thirds of the remaining original shareholders are in agreement. Seen in 3 SEC filings.
• Mutual Consent means the written approval from at least one [organization]'s representative and one [organization]'s representative, both obligated to the [reserved matters] committee, concerning the [reserved matters]. Seen in 2 SEC filings.
• Mutual Consent means a situation that requires the unanimous agreement of all parties or all committee members with each party having the right to veto the matter, subject to binding arbitration in the case of disputable matters. Seen in 2 SEC filings.
• Mutual Consent means both you and [organization] agree in writing to end your employment with the [organization], and such termination does not imply a termination by the [organization] for any cause or by you without good reason. Seen in 2 SEC filings.
• Mutual Consent means with respect to any situation specified as requiring 'Mutual Consent', each party must give written consent to the action to be taken (or not taken), or if the matter is referred to the committee, the action must be approved by a unanimous vote, with each party or its voting member on the committee, in its sole discretion, being entitled to withhold its consent to or approval of the matter. However, a party may take any action as required by law without the consent of the other party or the approval of the committee. Seen in 2 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 mutual consent' 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

• Mutual Consent means unanimous written agreement of all relevant parties.

Relevant Contract Types

• Employment Contract
• Partnership Agreement
• Non-Disclosure Agreement

Relevant Circumstances

• Termination of employment
• Decision making within a partnership
• Agreement on confidentiality terms

Relevant Sectors

• Technology
• Finance
• Healthcare

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Genie Definition 2

• Mutual Consent means assent of a designated majority within a group.

Relevant Contract Types

• Shareholders Agreement
• Corporate Bylaws

Relevant Circumstances

• Decision making within a board of directors
• Adoption of corporate policies

Relevant Sectors

• Real Estate
• Non-Profit
• Manufacturing

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