Define: Neighborhood Market

How is Neighborhood market defined in a legal contract?

• Neighborhood Market means a grocery store with a focus on daily needs of nearby residential areas. It sells food products that can be prepared and consumed off-site. These marketplaces operate for less than [number] hours a day, covering a size between [number] and [number] square feet. It allocates most of its floor area to the sale of non-taxable goods. It may include food and drink sales (taxable and non-taxable) or even deli or beverage-tasting facilities that supplement the market's main functionality. Seen in 3 SEC filings.
• Neighborhood Market means a grocery store that offers food products for off-site preparation and consumption. It customarily meets the daily shopping requirements of surrounding homes. It operates for fewer hours compared to typical 24-hour establishments. Seen in 2 SEC filings.
• Neighborhood Market means a retail shop, up to [number] square feet in size, used for selling prepackaged food products, household items, and soft drinks. It has restrictions on alcohol sales, limiting them to a minimal portion of the total sales floor area. 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 neighborhood market' 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

• Neighborhood Market means a pedestrian-oriented grocery store focused on serving the daily needs of surrounding residential areas, operates for a specified set of hours, and deals primarily in non-taxable goods.

Relevant Contract Types

• Lease Agreement
• Franchise Agreement
• Supply Contract

Relevant Circumstances

• Establishing new neighborhood markets.
• Renegotiating leases for existing neighborhood markets.
• Licensing or franchising a neighborhood market brand.

Relevant Sectors

• Retail
• Real Estate
• Supply Chain Management

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Genie Definition 2

-Neighborhood Market means a retail shop of a specified size, selling pre-packaged food, household items, and restricted to a minimal proportion of alcoholic beverages.

Relevant Contract Types

• Sales Agreement
• Distribution Agreement
• Alcohol License Agreement

Relevant Circumstances

• Starting a small retail shop.
• Expanding sales of pre-packaged goods.
• Complying with local laws regarding selling alcohol.

Relevant Sectors

• Food and Beverage
• Retail
• Distribution

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