Define: Local Product

The meaning of “Local Product” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

How is Local Product defined in a legal contract?

  • Local Product means any item, including food, other than freight, mail, or a package to which postage has been affixed. Seen in 11 SEC filings
  • Local Product means any item, including food, other than freight. Seen in 5 SEC filings
  • Local Product means any product grown, harvested, created, produced, assembled. Seen in 1 SEC filing
  • Local Product means any tangible personal property, including food, but excluding freight, mail, or a package to which postage has been affixed. 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 local product' yourself to verify these results. We are always keen to point people to source documents.

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.

Genie Definition 1

  • Local Product means any item, not including freight or mail, with or without postage affixed.

Relevant Contract Types

Relevant Circumstances

  • Sale or purchase of goods
  • Transfer of items within a supply chain
  • Commercial lease of properties selling or producing goods

Relevant Sectors

Genie Definition 2

  • Local Product means any item grown, harvested, created, produced, or assembled.

Relevant Contract Types

Relevant Circumstances

  • Sale or transfer of agricultural products
  • Production, assembly, and sale of goods

Relevant Sectors

  • Agriculture
  • Manufacturing
  • Food Production## Genie Definition 1
  • Porter Services means the provision of transport and maintenance services within public spaces, involving luggage handling and environmental upkeep.

Relevant Contract Types

Relevant Circumstances

  • Engagement of services for luggage transportation
  • Engagement of maintenance workers for public spaces
  • Contracting of airport personnel for luggage and terminal upkeep
  • Hiring of transportation services for passengers

Relevant Sectors

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “Local Product" in your document? 

🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)

What is the most popular definition of 'Local Product'?

Local Product means any item, not including freight or mail, with or without postage affixed.

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