Define: Key Terms

How is Key Terms defined in a legal contract?

• Key Terms means important facts pertinent to a specified transaction and party. This includes the transaction's estimated worth, essential dates such as its planned maturity date, due dates of payment, the principle amount, transaction currency, the base instrument, parties involved, business day norms, and fixed or floating interest rates. It does not include information regarding how any term is calculated or determined. Seen in 118 SEC filings
• Key Terms means extra terms and conditions related to the offering of a specific entity. These terms are in addition to the existing general terms. Seen in 7 SEC filings
• Key Terms means the conditions that are outlined in [schedule]. Seen in 5 SEC filings
• Key Terms means the description for [content] that these terms and conditions refer to, provided to you by [organization]. Seen in 5 SEC filings
• Key Terms means a section of a cover page that includes key legal details and definitions for a contract that haven't already been defined in standard terms. The Key Terms might include information about covered claims or governing law, among other contract details. Seen in 5 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 key terms' 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

• Key Terms means vital facts related to a specified transaction, party and product.

Relevant Contract Types

• Employment Contracts
• Lease Agreements
• Non-Disclosure Agreements
• License Agreements
• Franchise Agreements

Relevant Circumstances

• Starting a new employment.
• Renting a property or leasing equipment.
• Sharing confidential information.
• Granting rights to use intellectual property.
• Opening a new franchise location.

Relevant Sectors

• Real Estate
• Technology
• Retail
• Hospitality
• Supply Chain Management

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Genie Definition 2

• Key Terms means critical details outlined in a [schedule] or on the cover page of a contract.

Relevant Contract Types

• Supply Contracts
• Service Agreements
• Partnership Agreements
• Sales Contracts
• Loan Agreements

Relevant Circumstances

• Entering into a supply chain deal.
• Hiring a service provider.
• Forming a partnership.
• Making a sales deal.
• Providing or receiving a loan.

Relevant Sectors

• Manufacturing
• Finance
• Professional Services
• Healthcare
• Construction

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