Define: Commercial Purposes

How is Commercial Purposes defined in a legal contract?

• Commercial Purposes means the act of selling, leasing, licensing or transferring the materials or its modifications to a for-profit entity. It also includes activities carried out by any entity to conduct contract research, produce or manufacture products for sale, or do research activities that result in any type of sale, lease, license, or transfer of the materials or modifications to a for-profit entity.
  Seen in 34 SEC filings
• Commercial Purposes means undertaking actions to advance a person’s commercial or economic interests, such as encouraging another person to buy, rent, lease, join, or exchange products, goods, property, information, or services, or enabling or executing, either directly or indirectly, a commercial transaction.
  Seen in 27 SEC filings
• Commercial Purposes means the common purposes of trade, agriculture, industry, and commerce.
  Seen in 25 SEC filings
• Commercial Purposes means utilizing any project amenities, common space, or other project property or facilities by entities other than tenants of a particular project, for which the project owner or management receives any form of compensation for such use.
  Seen in 19 SEC filings
• Commercial Purposes means activities that demand a state or local business license to function.
  Seen in 19 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 commercial purposes’ 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

Commercial Purposes means executing activities requiring a business license, with the aim of advancing economic interests through trade, industry, and commerce.

Relevant Contract Types

• Shareholders Agreement
• Distributor Agreement
• Franchise Agreement
• Services Agreement
• Sales Agreement

Relevant Circumstances

• When a business license is required for conducting activities.
• When advancing economic interests in trade, industry, and commerce is vital.
• When outlining the commercial nature of business activities.

Relevant Sectors

• Financial Services
• Manufacturing
• Retail
• Food and Beverages
• Technology and Software

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Genie Definition 2

Commercial Purposes means the transfer or utilization of materials, either directly or indirectly, resulting in economic transactions or compensations.

Relevant Contract Types

• Supply Agreement
• Subcontractor Agreement
• Rental Agreement
• Licensing Agreement
• Consulting Agreement

Relevant Circumstances

• When there is a transfer of materials for economic consideration.
• When utilizing material results in economic transactions or compensation.
• When defining the commercial nature of an agreement relating to materials.

Relevant Sectors

• Construction
• Real Estate
• Entertainment
• Pharmaceuticals
• Information and Media

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