Define: Fit for Purpose

How is Fit for Purpose defined in a legal contract?

• Fit for Purpose means all the deliverables meet the conditions laid out in the contract ensuring the intention of acquiring the deliverables can be fulfilled. These deliverables need to adapt to the prevailing structure of the organization. Seen in 8 SEC filings.
• Fit for Purpose means the quality of materials and assembly are up to industry standards and durable enough to make the deliverables suitable for their intended use without the need for repair or modifications during the defect liability period. Seen in 7 SEC filings.
• Fit for Purpose means a product or system related to construction demonstrates consistent development, manufacturing, application, and installation to fulfill its intended function. Seen in 6 SEC filings.
• Fit for Purpose means services are provided by trained and qualified personnel in adherence to accepted industry standards, ensuring the party procuring the service can achieve its objectives. Seen in 5 SEC filings.
• Fit for Purpose means achieving the objectives for which the tool or method was designed. Seen in 4 SEC filings.
• Fit for Purpose means that a deliverable: (a) Is fit for the specified purposes and is generally fit for use, (b) Has no defects, faults, errors, or omissions in design, materials, and workmanship, (c) Meets or exceeds performance data and measurements specified or claimed by the contractor, and (d) Meets or exceeds the stipulated functions, utilities, performance standards, outcomes, and requirements. Seen in 3 SEC filings.
• Fit for Purpose means in respect to leased railway infrastructure, the infrastructure is in a physical condition suitable for its intended use. Seen in 2 SEC filings.
• Fit for Purpose means with regard to a facility, its condition is suitable for the intended usage. 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 fit for purpose' 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

Fit for Purpose means the product, service, or system proficiently fulfills its designated role.

Relevant Contract Types

• Supply Contracts
• Consulting Contracts
• Product Development Contracts

Relevant Circumstances

• Procurement of products
• Procurement of services
• Business relationships involving supply or delivery

Relevant Sectors

• Manufacturing
• Information Technology
• Logistics

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Genie Definition 2

Fit for Purpose means all deliverables meeting the stipulated requirements without defects, errors, or need for repair.

Relevant Contract Types

• Procurement Contracts
• Service Level Agreements
• Purchase Agreements

Relevant Circumstances

• Purchase or sale of goods
• Service delivery or outsourcing

Relevant Sectors

• Retail
• Telecommunications
• Construction

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