Define: Interim Solution

How is Interim Solution defined in a legal contract?

• Interim Solution means a swift, short-lived repair achieved by the service provider to the customer, which could take the form of a hotfix or patch. Seen in 8 SEC filings
• Interim Solution means the procurement process used as a temporary measure that can provide services until the fully competitive procurement can be fulfilled. This includes the precise delineation of work crucial to immediate needs of the participants and an assessment of potential contractors' capacity to provide the requested services reliably and cost-effectively. Seen in 1 SEC filing
• Interim Solution means a temporary service provided in an emergency situation, such as bridging the commencement date of a permanent service or to tackle an event of unforeseen circumstances. Seen in 1 SEC filing
• Interim Solution means a brief code-fix delivered as a hotfix or patch by a specific service provider to another specific entity. Seen in 1 SEC filing
• Interim Solution or “Interim Release” means a temporary solution or release for a specific platform which contains essential program error fixes on top of the current version and which, will typically be included in a future permanent solution. 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 interim solution' 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

• Interim Solution means a temporary, short-lived solution, provided swiftly, typically in the form of a hotfix or patch, to address immediate needs or unexpected situations.

Relevant Contract Types

• Software Licensing Agreement
• Managed IT Services Contract
• Consulting Services Agreement
• Project Contracts

Relevant Circumstances

• Unexpected system failures
• Necessary software updates
• Prevision of temporary services
• Remediation of urgent issues

Relevant Sectors

• Information Technology
• Telecommunications
• Financial Services
• Retail

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Genie Definition 2

• Interim Solution means a transitional procurement process used till the completion of a fully competitive one.

Relevant Contract Types

• Procurement Contract
• Supply Agreement
• Outsourcing Agreement
• Professional Services Agreement

Relevant Circumstances

• Initial phase of a complex procurement process
• Imminent service requirement awaiting a permanent service implementation
• Interim phase of project until fulfillment of full competitive procurement

Relevant Sectors

• Government Services
• Logistics & Supply Chain
• Professional Services
• Manufacturing

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