Generic Devices

How is Generic Devices defined in a legal contract?

• Generic Devices means instruments or implants that are not encompassed by any transferred patent or any patent licensed according to a transferred intellectual property agreement, widely employed in relation with one or more orthopedic procedures, and utilized in implanting products that are marketed, distributed, or sold with any orthopedic business other than the referred business. For example, a hammer, a certain type of pin, and a common bone screw would each be deemed a Generic Device. 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 generic devices' 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

• Generic Devices means widely used, non-patented instruments or implants for any orthopaedic related business.

Relevant Contract Types

• Product Supply Agreement
• Purchase Agreement
• Distribution Agreement
• Licensing Agreement

Relevant Circumstances

• When a business needs to source such devices for their operations.
• When a manufacturer starts producing these devices and wants to distribute them.
• When a business is buying or selling such devices.

Relevant Sectors

• Healthcare
• Manufacturing and Distribution
• Research and Development

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