Majority Party

How is Majority Party defined in a legal contract?

• Majority Party means the group with the highest number of members, subject to [clause]. Seen in 19 SEC filings
• Majority Party means the political group in each [organization] that has the highest number of members. Seen in 15 SEC filings
• Majority Party means the largest group or coalition of groups in the [assembly]; Seen in 8 SEC filings
• Majority Party means the largest group or coalition of groups in the [assembly]; Seen in 6 SEC filings
• Majority Party means the political group in the [assembly]; Seen in 4 SEC filings
• Majority Party means whichever of [party one] or party two owns the majority of the voting power collectively held by both parties and their related [entities] at a given time of determination. Seen in 4 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 majority party' 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

Majority Party means the group or coalition with the highest number of members within a specific [assembly].

Relevant Contract Types

• Joint Venture Agreements
• Partnership Agreements
• Shareholder Agreements
• Operating Agreements
• Merger & Acquisition Agreements

Relevant Circumstances

• When forming a new company or partnership with multiple parties.
• During business mergers or acquisitions where ownership is shared.
• In any situation where voting power is based on the number of members.

Relevant Sectors

• Business and Corporate Law
• Real Estate
• Technology and Startups

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Genie Definition 2

Majority Party means the entity among a specified duo, owning the most voting power at a given time.

Relevant Contract Types

• Shareholder Agreements
• Joint Venture Agreements
• Investment Agreements

Relevant Circumstances

• When two specific parties hold predominant voting power within a business.
• In situations of joint control between two entities.

Relevant Sectors

• Business and Corporate Law
• Investment and Finance
• Technology and Startups

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