Define: Date of Sale

How is Date of Sale defined in a legal contract?

• Date of Sale means the moment ownership of real property or control of a controlling interest in an entity with interest in real property is handed over to the buyer or transferee in return for valuable consideration. In a lease with an option to purchase, the date of sale is when the purchase option is realized and property ownership shifts. In this context, Date of Sale, Date of Transfer, Transaction Date, and Conveyance Date have the same interpretation and can be used interchangeably. Seen in 170 SEC filings
• Date of Sale means the point in time when agricultural products are sold. Seen in 15 SEC filings
• Date of Sale means the day immediately after the date on which, based on an applicable sale contract, the buyer ceases to be the tenant of a dwelling. Seen in 13 SEC filings
• Date of Sale means the day the appliance is physically handed over to the buyer. Seen in 11 SEC filings
• Date of Sale means the moment of entry into the first new Contract of Sale and the Date of Sale Information refers to the information available to purchasers at least 48 hours prior to the Date of Sale. Seen in 10 SEC filings
• Date of Sale means the day on which the Vehicle Owner buys this Service Contract and the starting date of the Service Contract. Seen in 7 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 date of sale' 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

• Date of Sale means the moment a product, property or service is exchanged for consideration.

Relevant Contract Types

• Sales Agreement
• Purchase and Sale Agreement
• Real Estate Purchase Agreement
• Services Agreement

Relevant Circumstances

• Transactions involving the sale of goods, properties, or services.
• Situations where assets or businesses are sold and ownership is transferred.

Relevant Sectors

• Retail
• Property and Real Estate
• eCommerce
• Automotive
• Consumer Goods

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Genie Definition 2

• Date of Sale means the day when ownership or control is transferred to a buyer or [organization] under a [contract].

Relevant Contract Types

• Asset Purchase Agreement
• Stock Purchase Agreement
• Business Purchase Agreement

Relevant Circumstances

• Transactions involving the acquisition of companies or purchase of stocks.
• Situations where control over an entity is transferred through a contractual agreement.

Relevant Sectors

• Mergers and Acquisitions
• Corporate Finance
• Banking
• Private Equity

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