Define: High Severity

How is Severity How is High Severity defined in a legal contract?

• High Severity means external loss or exposure of [organization] Information or adverse events causing significant impact to mission-critical information technology systems including large-scale outages. Incidents or exposures classified at this level affect critical [organization] Information Systems and will affect the [organization]’s customers. Seen in 4 SEC filings
• High Severity means external loss or exposure of Confidential Information or adverse events causing significant impact to mission-critical information technology systems, such as denial of service attacks. Incidents or exposures classified at this level affect Merchants, [organization]’s provision of services to Merchants or critical [organization] Information Systems. Seen in 2 SEC filings
• High Severity means an issue has severely impacted the performance of the Product’s intended use and is causing a material and adverse impact to the majority of the User's customers. Seen in 1 SEC filing
• High Severity means external loss or exposure of the Provider's Information, causing significant impact to mission-critical information technology systems including large-scale outages. Incidents or exposures classified at this level affect critical Provider’s Information Systems and will affect Providers’ customers. Seen in 1 SEC filing
• High Severity means external loss or exposure of Customer Information or impact to Customer Information Systems, causing significant impact to mission-critical information technology systems including large-scale outages. Incidents or exposures classified at this level affect critical Customer Information Systems and will affect the Customer’s Customers. Seen in 1 SEC filing

Please note: We've replaced references to specific entity names (like ""Mercury"" or ""Provider"") with the placeholder [organization] to ensure the definitions are generic enough to be used in different contexts. Other specific references such as to clause numbers have also been omitted as per the instructions.

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 high severity' yourself to verify these results. We are always keen to point people to source documents.

in a legal contract?

• Severity means the seriousness of an infringement as established by actual or potential harmful results. These outcomes can entail any negative consequence on a person’s physical, mental, or psychological well-being, impacting safety, life quality, and care quality.
  Seen in 42 SEC filings.
• Severity means the total losses’ value incurred due to claims.
  Seen in 34 SEC filings.
• Severity means the levels of impact of a malfunction, error, or defect, which under maintenance are decided upon by a particular method (name omitted as per rules).
  Seen in 22 SEC filings.
• Severity means the assigned ranking based on a technical evaluation of an error.
  Seen in 6 SEC filings.
• Severity means a measurement of the relative impact an error has on the use of the software, as defined by a particular method.
  Seen in 6 SEC filings.
• Severity means the impact level, as determined by a [department], that an issue has on a system as defined by the following conditions: Emergency – A complete failure of the solution or a component or severe implications. Major – The issue is causing serious disruption. MoGenie Definition 1
• High Severity means external loss or exposure of [Organization] Information causing significant impact to mission-critical information technology systems, including large-scale outages.
• Relevant Contract Types
• IT Services Agreement
• Data Protection Agreement
• Cyber Security Agreement
• Relevant Circumstances
• Any situation where data security or the uptime of IT systems is critical.
• Whenever any sort of valuable classified data is being handled.
• Relevant Sectors
• Finance
• Healthcare
• Technology
• derate – The issue affects minor functionalities. Minor – Small errors that do not prevent functionality.
  Seen in 5 SEC filings.
• Severity means the extent of the workers’ compensation medical and indemnity benefits which result or will result from the workplace injuries.
  Seen in 4 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 severity’ 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

• Severity means the degree of impact of an error, violation or malfunction on the system’s functionality.

Relevant Contract Types

• Non-Disclosure Agreement
• Software License Agreement
• Maintenance and Support Agreement

Relevant Circumstances

• When implementing new software systems within an organisation
• When a business aims to mitigate potential financial losses caused by system errors or malfunctions
• When an organisation is planning for potential cyber threats or system malfunctions

Relevant Sectors

• Software Development
• Information Technology Services
• Cyber Security

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Genie Definition 2

High Severity means an issue severely impacting the intended use of a product, causing a material and adverse effect on a majority of the users.

Relevant Contract Types

• Product Licence Agreement
• End-User Licence Agreement
• Software Development Agreement

Relevant Circumstances

• Any situation where the product's performance or reliability is key for its users.
• When the product's malfunction would severely impact the user's operations.

Relevant Sectors

• Software
• Manufacturing
• Retail

Genie Definition 2

• Severity means the extent of potential harmful outcomes from an occurrence, influencing well-being, operations, or financial conditions.

Relevant Contract Types

• Employment Contract
• Workers’ Compensation Agreement
• Health and Safety Agreement

Relevant Circumstances

• When an organisation is planning for employees' safety and well-being
• When a business aims to mitigate the potential harmful outcomes of workplace incidents
• When establishing the level of compensation for workplace injuries

Relevant Sectors

• Human Resources
• Healthcare
• Manufacturing

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