Define: Commercial Sales

How is Commercial Sales defined in a legal contract?

• Commercial Sales means the act of selling a product in the flow of commerce at a retail or wholesale level, including sales conducted online. Seen in 14 SEC filings
• Commercial Sales means the act of selling hemp products in the flow of commerce, whether at a retail level, wholesale level, or online. Seen in 8 SEC filings
• Commercial Sales means the total amount invoiced for a Product sold by a non-affiliated entity, excluding any transfers between similar entities. Seen in 3 SEC filings
• Commercial Sales means the sale of products that are protected by, or made using methods protected by, the licensed patents to third parties. Seen in 3 SEC filings
• Commercial Sales means the act of selling a product in a specific area to third parties in fair, unbiased transactions. Seen in 2 SEC filings
• Commercial Sales means the act of selling a product in a specific territory, conducted in fair, unbiased transactions, and charged by the responsible party. Seen in 2 SEC filings
• Commercial Sales means any transfer or usage of licensed products for consideration by any party other than specific organization, including but not limited to, any combination, joint venture, limited liability company, partnership, or other entity, in which the specific organization benefits economically from the revenue derived from the sale or use of the licensed products. 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 commercial sales' 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

• Commercial Sales means the act of selling a product to third parties at a retail, wholesale level, or online.

Relevant Contract Types

• Sales Agreement
• Distribution Agreement
• Supply Agreement
• Franchise Agreement

Relevant Circumstances

• Product launches
• Entering new markets
• Expanding retail or wholesale operations
• Concluding online selling

Relevant Sectors

• Retail
• Wholesale Trade
• Manufacturing
• E-commerce

‍

Genie Definition 2

• Commercial Sales means the transaction of licensed products to any entity other than [named organization] for consideration.

Relevant Contract Types

• Licensing Agreement
• Joint Venture Agreement
• Partnership Agreement

Relevant Circumstances

• Licensing intellectual property
• Forming joint ventures
• Establishing partnerships

Relevant Sectors

• Technology
• Pharmaceuticals
• Entertainment
• Manufacturing

‍