Define: Local Vendor

• Local Vendor means a business or legal entity that maintains a place of business and operates their dealings from this location. This excludes a place of business that functions solely as a post office box. The business should have a valid and current business license. Seen in 631 SEC filings
• Local Vendor means a business entity that has consistently maintained a permanent place of business, equipped with full-time employees. This business cannot be operated from a post office box, but requires a physical address. The business must have a current business tax receipt from an authorized body. Seen in 51 SEC filings
• Local Vendor means a firm or individual who regularly maintains a place of business, transacts business or maintains an inventory of merchandise for sale, in a particular locale. The individual or firm also needs to be licensed by, or has paid business taxes to an [organization]. Seen in 5 SEC filings
• Local Vendor means a vendor with an office within a certain locale, specifically within an area providing water and sewer services. Seen in 3 SEC filings
• Local Vendor means a person or legal entity with a valid business. This entity must have an operational space other than a post office box in a certain locale or city. The local business needs to operate from a functional office space, which is staffed during normal business hours. Seen in 2 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 local vendor' 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

• Local Vendor means a licensed business entity maintaining and operating from a physical place of business within a defined geographical area, excluding post office box spaces.

Relevant Contract Types

• Procurement Contracts
• Supply Contracts
• Vendor Agreement
• Distribution Agreement

Relevant Circumstances

• When an organization seeks local suppliers.
• When a company needs local vendors for distribution.
• For local sourcing of materials and services.

Relevant Sectors

• Manufacturing
• Retail
• Wholesale distribution
• Services

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