How is Nature and Scope defined in a legal contract?
- Nature and Scope means the incumbent is accountable for all visual aspects of the [organization] consistent with the mission statement. This includes responsibility for all physical design such as offices, common spaces, concept shops, tradeshow booths and warehouse, all product designs, visual approval of all public relations material, clothing guidelines and the hiring of future designers. Furthermore, the person is responsible for ensuring company’s visual identity and all visual aspects fit the company’s style guide. This also involves reviewing the state of showrooms to ensure maintenance is up to standard, and ensuring that the company’s design programs are innovative and trend-setting. Another aspect of the position is ensuring that new products fit within the company’s pricing parameters and this includes being responsible for the timely delivery of quality samples. Also, the incumbent needs to help build a self-sustained organization and update budget changes to the CFO on a timely basis.
Seen in 1 SEC filing.
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 nature and scope’ yourself to verify these results. We are always keen to point people to source documents.
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.
Genie Definition 1
Nature and Scope means overseeing all visual elements of an [organization], aligning them with the mission statement, ensuring innovativeness, and supervising design tasks.
Relevant Contract Types
- Employment Agreement
- Independent Contractor Agreement
- Consulting Agreement
- Management Services Agreement
- Joint Venture Agreement
- Design Services Contract
- Brand Strategy Consultant Agreement
Relevant Circumstances
- Hiring of creative professionals
- Engaging a design agency
- Formation of a new joint venture with design focus
- Engaging a consulting agency for a company-wide rebrand
- Implementing a new design strategy
Relevant Sectors
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Nature and Scope means overseeing all visual elements of an [organization], aligning them with the mission statement, ensuring innovativeness, and supervising design tasks
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