How is Personal Gain defined in a legal contract?
- Personal Gain means a benefit or advantage that relates specifically to a person, not to a business or group. Seen in 9 SEC filings.
- Personal Gain means financial benefit for the individual. Seen in 2 SEC filings.
- Personal Gain means a financial benefit for a family member. Seen in 1 SEC Filing.
- Personal Gain means abusing one's official capacity for a desired personal advantage. Seen in 1 SEC Filing.
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
Personal Gain means a benefit or advantage specifically relating to an individual, not a business or group.
Relevant Contract Types
Relevant Circumstances
- Negotiations over contract terms
- Disciplinary proceedings against an employee/contractor
- Disputes about the distribution of partnership profits
Relevant Sectors
Genie Definition 2
Personal Gain means a financial advantage attained by an individual or family member.
Relevant Contract Types
Relevant Circumstances
- Mapping out the financial terms of an investment
- Deciding on the distribution of company dividends
- Setting out the terms of a loan and its repayments
Relevant Sectors
Genie Definition 3
Personal Gain means a sought advantage obtained through misuse of one's official capacity.
Relevant Contract Types
Relevant Circumstances
- Where there is an alleged violation of official duties
- When reviewing a company's operational guidelines
- Assessing conflicts of interest among directors
Relevant Sectors
Are you creating, reviewing or negotiating a 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!)
Personal Gain means a benefit or advantage specifically relating to an individual, not a business or group
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