Define: Bona Fide Sale

How is Bona Fide Sale defined in a legal contract?

• Bona Fide Sale means a sale at fair market sale value.
  Seen in 10 SEC filings
• Bona Fide Sale means the purchase of assets with cash or debt in a transaction. This does not include certain types of transactions.
  Seen in 10 SEC filings
• Bona Fide Sale means a sale or transfer of a parcel or all of the parcels to an independent third party that is unaffiliated to the grantor on an arm’s-length basis.
  Seen in 2 SEC filings
• Bona Fide Sale means a transfer that is made or to be made based on a legally binding written agreement with a third party. This agreement must be contingent upon the options to purchase or participate in a sale as provided in the agreement.
  Seen in 1 SEC filing
• Bona Fide Sale means a sale, for consideration, of all or substantially all of the tower owner’s interest in the tower property to an entity other than an affiliate entity, in which the tower owner does not retain or receive any form of right or option to repurchase the tower property or any interest therein.
  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 bona fide sale’ 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

Bona Fide Sale means a legally binding transfer or sale of assets, at fair market value, to an unaffiliated third party.

Relevant Contract Types

• Sales Agreement
• Asset Purchase Agreement
• Share Purchase Agreement
• Merger Agreement

Relevant Circumstances

• Sale of Company Assets
• Transfer of Commercial Property
• Merger or Acquisition Transactions
• Intellectual Property Transfers

Relevant Sectors

• Real Estate
• Manufacturing
• Technology
• Retail

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Genie Definition 2

""Bona Fide Sale means a transaction, for consideration, involving the majority or entirety of ownership interest in an asset to an unaffiliated entity.""

Relevant Contract Types

• Acquisition Agreement
• Joint Venture Agreement
• Partnership Agreement

Relevant Circumstances

• Corporate Mergers
• Business Acquisitions
• Transfer of Equity Interests
• Business Venture Establishments

Relevant Sectors

• Financial Services
• Technology
• Oil and Gas
• Pharma

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