Define: Intercompany

How is Intercompany defined in a legal contract?

• Intercompany means any contract, balance or arrangement established that binds and applies to different groups within the same entity. The legal or financial relationship applies as if the connections were between separate entities in a mutually agreed-upon context. Seen in 16 SEC filings
• Intercompany means a transaction, obligation or account that occurs between different divisions of the same [organization], related to the conduct of the business or operations. Seen in 3 SEC filings

This rule also applies: - Intercompany means any accounts receivable or payable resulting from transactions between different divisions of the same [organization]. Seen in 2 SEC filings

• Intercompany means a transaction, obligation, or account that exists between different divisions of the same [organization]. Seen in 2 SEC filings

Special cases are: - Intercompany means any interaction, account, agreement, obligation, or arrangement between different segments of the same [organization]. Seen in 2 SEC filings

• Intercompany means a transaction, obligation, agreement or account between any one division and the parent [organization] or any of its affiliates. Seen in 2 SEC filings
• Intercompany means any signed agreement or arrangement between any member of a group of companies and its subsidiaries. Seen in 2 SEC filings

Also note this requirement: - Intercompany loans and/or debts must be paid off in full prior to or upon reaching an agreed point. Other financial responsibilities might apply. Seen in 1 SEC filing

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 intercompany' 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

• Intercompany means internal transactions, accounts, or agreements between different divisions within the [organization].

Relevant Contract Types

• Joint Venture Agreement
• Partnership Agreement
• Asset Purchase Agreement

Relevant Circumstances

• Mergers and acquisitions
• Interdivisional loan processing
• Management of internal expenditures and revenue

Relevant Sectors

• Financial Services
• Telecommunications
• Manufacturing

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Genie Definition 2

• Intercompany means any binding legal or financial relationship established between distinct units of the same [organization].

Relevant Contract Types

• Service Level Agreement
• Supply Contract
• Non-Disclosure Agreement

Relevant Circumstances

• Exchange of services between departments
• Sharing of proprietary information within the company

Relevant Sectors

• Technology
• Energy
• Healthcare

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