How is Compliance Issue defined in a legal contract?
- Compliance Issue means a state discovered by a designated representative where a program is found not meeting certain state or federal laws or rules. Seen in 3 SEC filings.
- Compliance Issue means a query whether finished goods, drug product or drug substance was manufactured in accordance with current Good Manufacturing Practices (cGMPs) during the time such product is delivered or at product release. Seen in 2 SEC filings.
- Compliance Issue means a suspected breach of a law, rule, policy or contract requirement governing the Derivatives Clearing Organization (DCO). Seen in 2 SEC filings.
- Compliance Issue means a single event in which any accountable employee fails to follow one or more processes or procedures required under established guidelines. 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 compliance issue' 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
- Compliance Issue means a situation where an [Activity], [Product] or [Employee] does not follow the required [Laws], [Rules] or [Procedures].
Relevant Contract Types
Relevant Circumstances
- Employee misconduct
- Non-compliance with service terms
- Violation of environmental standards
- Misuse of licensed software
Relevant Sectors
Genie Definition 2
- Compliance Issue means a doubt about [Product] having been manufactured as per established [Standards].
Relevant Contract Types
Relevant Circumstances
- Suspected breach of quality standards
- Doubts about product's compliance with regulatory standards
Relevant Sectors
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Compliance Issue means a situation where an [Activity], [Product] or [Employee] does not follow the required [Laws], [Rules] or [Procedures]
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