Define: Full Force and Effect

How is 'Full Force and Effect' defined in a legal contract?

• Full Force and Effect means that a lease is in full operation without any significant breach by the tenant or landlord. No circumstances should exist that would grant either the tenant or landlord the right to terminate the lease without additional notification. If necessary, the tenant should have presented an estoppel certificate that meets the demands to the payee. Seen in 8 SEC filings.
• Full Force and Effect means all provisions mentioned in this [schedule] and [appendix] remain operative for the duration of the Extension Period (if any) and the Post-Termination Period (if any), to the extent necessary to implement the terms of this [section 20]. Seen in 1 SEC filing.
• Full Force and Effect means that once the Wholesaler accepts a Relevant Letter of Assurance, none of the following events has occurred: the issuer is unable or admits it's inability to settle its dues as and when they mature; suspends clearing any of their debts; begins discussions with one or more of its creditors with an intent to renegotiate any of its debt; or has failed to maintain the financial instrument or other binding arrangement to which the Letter of Assurance refers. It also means that, in the opinion of the Wholesaler, it's illegal for the issuer of the Relevant Letter of Assurance to continue to be bound by or perform any of its obligations under that Relevant Letter of Assurance, or the Relevant Letter of Assurance is no longer compliant with the established regulations. Seen in 1 SEC filing.
• Full Force and Effect means the following: (1) The orders issuing the Station Licenses have become effective under regulatory requirements; (2) to our knowledge, all express FCC-imposed conditions precedent have been satisfied; (3) No stay of effectiveness has been issued; and (4) the Station Licenses have not expired by their own terms or been invalidated or modified by any subsequent regulatory action. Seen in 1 SEC filing.

‍

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

• Full Force and Effect means the Complete execution of duties under a contract without severe infractions or annulments.

Relevant Contract Types

• Employment Agreement
• Lease Agreement
• Service Agreement
• Partnership Agreement

Relevant Circumstances

• Regular business operations where contracts are in effect
• Instances where contract terms are adhered to by all parties
• Situations where no severe default or violation has happened

Relevant Sectors

• Real Estate Sector
• Technology Sector
• Manufacturing Sector
• Finance & Insurance Sector

‍

Genie Definition 2

• Full Force and Effect means all terms within a [document] remain operative during a specified period.

Relevant Contract Types

• Non-disclosure Agreement
• Terms of Service
• Copyright Agreement

Relevant Circumstances

• Long-term contracts where terms need to remain operative over a period of time
• Service or product usage guidelines or terms

Relevant Sectors

• E-commerce Sector

‍

Genie Definition 3

• Full Force and Effect means regulatory licenses are in effect, all conditions precedent have been satisfied, and no stay of effectiveness or invalidation has occurred.

Relevant Contract Types

• Licensing Agreement
• Franchise Agreement
• Software Agreement

Relevant Circumstances

• Licensing agreements where regulations play a critical role
• Instances where conditions precedent define the effective term of a contract
• Instances where a stay, invalidation, or expiration of a license could impact contract validity

Relevant Sectors

• Media and Entertainment Sector
• IT & Computer Services

Genie Definition 4

• Full Force and Effect means a signed agreement maintains its validity and effectiveness without any obstruction or breach.

Relevant Contract Types

• Sales Agreement
• Purchase Agreement
• Supply Agreement

Relevant Circumstances

• Transactions where the signed agreement needs to effectively maintain its validity
• Instances where any obstruction or breach could impact the effectiveness of the agreement

Relevant Sectors

• Retail & Wholesale Sector
• Mining & Construction Sector

‍