Define: Economic enterprise

How is Economic Enterprise defined in a legal contract?

• Economic enterprise means any profit-motivated activity involved in commerce, industry, or agriculture, with majority ownership of at least 51 percent. Seen in 12 SEC filings
• Economic enterprise means any business activity, whether it's commercial, industrial, or agriculture, that is established for making profit and where the majority ownership, at least 51 percent, is held by a particular group. Seen in 6 SEC filings
• Economic enterprise means any business activity, whether it's commercial or industrial, which is established for a specific purpose. Seen in 5 SEC filings
• Economic enterprise means an entity that participates in a certain industry, trade, business, or other type of undertaking. Seen in 3 SEC filings
• Economic enterprise means any business activity which is majority owned and was initiated for profit generation. Seen in 2 SEC filings
• Economic enterprise means any commercial or industrial activity, setup with the intention to generate profit and has a majority ownership of at least 51 percent. 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 economic enterprise' 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

• Economic enterprise means a business activity established for profit, majorly held by a specific group.

Relevant Contract Type

• Joint Venture Agreements
• Partnership Agreements
• Franchise Agreements

Relevant Circumstances

• Business expansion
• Business partnerships
• Business franchising

Relevant Sectors

• Retail
• Manufacturing
• Agriculture
• Technology

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Genie Definition 2

• Economic enterprise means an entity partaking in any industrial, commercial or trade undertaking.

Relevant Contract Type

• Supply Chain Contracts
• Service Level Agreements
• Management Contracts

Relevant Circumstances

• Supply chain operations
• Outsourced services
• Managers or management firms overseeing operations

Relevant Sectors

• Logistics
• Professional Services
• Consultancy
• Food & Beverage

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