How is Free Trial defined in a legal contract?
- Free Trial means a service or functionality that [organization] provides to a customer for trial purposes at no extra cost, and which is clearly defined as ""beta”, “trial”, ""pre-GA"", ""pilot"", ""developer preview"", ""free trial"", ""evaluation"", ""proof of concept (POC)"", ""sandbox"" or by a similar description. Seen in 11 SEC filings
- Free Trial means the customer has the ability to sign up for a limited trial of [product]. In this trial phase, usage is limited but adequate to thoroughly test the [product]. Certain features may not be available in this time. The account is for evaluation only. Seen in 6 SEC filings
- Free Trial means the provision of the Service for testing purposes without any cost to You for a pre-determined period of time. Seen in 4 SEC filings
- Free Trial means a temporary subscription to the Service for which no fees are charged, and is subject to the terms of this Agreement. Seen in 4 SEC filings
- Free Trial means a period when the [product] will be provided free of charge as specified in the agreement. Seen in 3 SEC filings
- Free Trial means a period of one calendar month or longer, where the Subscriber will not be charged for the service. Seen in 3 SEC filings
- Free Trial means 30-day free access to a [product] for customers to try before subscribing to it. Seen in 3 SEC filings
- Free Trial means unindemnified access to our 24/7 advice lines for [product] for the agreed period, subject to fair and reasonable use. Seen in 3 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 free trial' 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
- Free Trial means a specified time during which a service or product is provided without charge for the purpose of testing and evaluation.
Relevant Contract Types
- Software as a Service (SaaS) Agreement
- End User License Agreement (EULA)
- Service-Level Agreement (SLA)
Relevant Circumstances
- Rollout of a new service or product needing user trials / testing.
- Opening up a subscription-based service for potential clients.
- Offering a promotional deal in order to attract more customers.
Relevant Sectors
Genie Definition 2
- Free Trial means a temporary no-cost subscription to a service subject to the terms of the agreement.
Relevant Contract Types
Relevant Circumstances
- Introduction of a new subscription plan requiring users to test its services.
- Allowing users to understand the full benefits of a service before committing to a regular subscription.
- Offering a promotional deal to attract potential loyal customers.
Relevant Sectors
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Free Trial means a specified time during which a service or product is provided without charge for the purpose of testing and evaluation.
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