Define: Competent Evidence

How is Competent Evidence defined in a legal contract?

• Competent Evidence means evidence with sufficient verification from the entirety of records which validates a fact. This evidence holds a value which is commonly accepted as convincing by most rational people. In comparison, incompetent evidence lacks reasonable support to prove a certain subject. Seen in 9 SEC filings.
• Competent Evidence means evidence which is legally admissible. Seen in 3 SEC filings.
• Competent Evidence means documents or spoken facts demonstrating what a person observed, heard or knew. Seen in 2 SEC filings.
• Competent Evidence means admissible evidence under [clause]. Seen in 1 SEC filing.

Please note that terms such as [clause] represent placeholders for actual clauses or other specific information within a contract.

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 competent evidence' 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

• Competent Evidence means reliable data or testimony which is legally admitted to prove a fact or event.

Relevant Contract Types

• Employment Contracts
• Service Agreements
• Non-Disclosure Agreements
• Sales Agreements
• Partnership Agreements

Relevant Circumstances

• When proving that a certain factual event occurred.
• When disputing a clause in a contract.
• When evidencing the fulfilment of an obligation.

Relevant Sectors

• Financial Services
• Real Estate
• Transportation
• Information Technology

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Genie Definition 2

• Competent Evidence means documents or spoken declarations that validate an observed or known circumstance.

Relevant Contract Types

• Lease Agreements
• Supply Agreements
• Loan Agreements
• Licensing Agreements

Relevant Circumstances

• When demonstrating an observed or known circumstance.
• When ensuring the validity of declarations.

Relevant Sectors

• Manufacturing
• Education
• Healthcare
• Retail

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