Define: Business Equipment

How is Business Equipment defined in a legal contract?

• Business Equipment means property leveraged in trading, business, or for the production of income; such also includes goods offered for sale or elements of goods intended for sale or trade. Seen in 35 SEC filings.
• Business Equipment means property that is used in commerce, the conducting of a business or for the generation of income; such also encompasses elements of goods that are offered for sale or trade. Seen in 8 SEC filings.
• Business Equipment means business equipment including fixtures and fittings, furniture, plant machinery and all other contents held in trust for which the insured is responsible, but excluding stock and landlord's fixtures and fittings. Seen in 6 SEC filings.
• Business Equipment means all items of equipment, machinery, scientific or other instruments, tools, furniture and furnishings, office materials and supplies used mainly in the conduct of business. Seen in 4 SEC filings.
• Business Equipment means all furniture, medical and other equipment, tools, and other tangible property (except for the Excluded Assets) that are used or primarily held for use in the business. Seen in 3 SEC filings.
• Business Equipment means all machinery, equipment, vehicles, tools, supplies, and similar tangible personal property, used or maintained primarily in the operation of a business. Seen in 3 SEC filings.

Please note: specific details and associated parties have been replaced for a generic context.

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 business equipment' 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

Business Equipment means all tangible property used or held primarily for business, trade, production of income, or sales.

Relevant Contract Types

• Purchase Agreement
• Lease Agreement
• Licensing Agreement
• Franchise Agreement

Relevant Circumstances

• When a business is leasing or purchasing tangible assets
• When a business is licencing its equipment to another entity
• When a business is franchising its operations, including its tangible assets

Relevant Sectors

• Manufacturing
• Retail
• Healthcare
• Hospitality

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Genie Definition 2

Business Equipment means all items like machinery, tools, and vehicles primarily used in business operations.

Relevant Contract Types

• Service Agreement
• Supply Agreement
• Asset Purchase Agreement
• Mergers & Acquisition Agreement

Relevant Circumstances

• When a service involves the use of specific equipment
• When a business is purchasing specific machinery, tools or vehicles
• In the event of a merger or acquisition which involves transfer of equipment

Relevant Sectors

• Construction
• Automotive
• Tech & IT Services
• Logistics & Transportation

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