Define: Isolated transaction

How is Isolated transaction defined in a legal contract?

• Isolated transaction means not more than a [number] of transactions that occur anywhere during [number] consecutive months. Seen in 24 SEC filings
• Isolated transaction means a transaction or event in which a property or a service is transferred, sold, offered for sale or delivered by the owner thereof or by its representative. To qualify as an isolated transaction, the seller may not be in the business of selling the type of property or rendering the service which is the subject of the transaction. Seen in 1 SEC filing
• Isolated transaction means for certain entities, [number] or less prescriptions per calendar year for drugs and/or other devices delivered into [location], and for manufacturers and wholesalers, sales that total less than a certain value, at wholesale per calendar year, for drugs and/or devices delivered into [location]. Seen in 1 SEC filing
• Isolated transaction means an offer or sale of a security or securities, whether effected through a dealer or not, where the number of persons solicited in a given location in any one twelve-month period on behalf of the seller with respect to the securities shall not exceed a specific number. 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 isolated transaction' 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

Isolated transaction means a limited number of [business activities] within a specific time frame not tied to regular operations.

Relevant Contract Types

• Sales Agreement
• Purchase Agreement
• Licensing Agreement
• Real Estate Transaction Agreement

Relevant Circumstances

• Transaction between two parties that is not part of regular business operations
• Occurrence of a business activity that is not repeated or regular
• A one-off sale or purchase of goods or services

Relevant Sectors

• Real Estate
• Retail
• Services
• Manufacturing

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Genie Definition 2

Isolated transaction means infrequent sale of a [property] or [service] by a non-specialist entity in a given [location] or [jurisdiction].

Relevant Contract Types

• Supply Agreement
• Asset Purchase Agreement
• Nondisclosure Agreement

Relevant Circumstances

• A transaction that involves the sale of property or a service not typically sold by the selling entity
• A one-time transaction resulting from unique circumstances or opportunities
• A transaction that occurs outside of the regular course of business

Relevant Sectors

• Financial Services
• Technology
• Healthcare
• Insurance

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