Define: Personal Interest

How is Personal interest defined in a legal contract?

• Personal interest means a financial advantage or disadvantage that comes to a member or employee of an [organization], or to an immediate family member of the [organization] member or employee. Seen in 75 SEC filings
• Personal interest means a financial gain or obligation that falls upon an officer or employee of an [organization], or a member of his immediate family. Seen in 67 SEC filings
• Personal interest means an individual's personal and financial gain or liability that increases in a filer or a member of his immediate family, for the purposes of this form solely. Seen in 45 SEC filings
• Personal interest means, for the intention of disclosing personal interests in compliance with this [clause], an [organization]'s official or employee's financial interest, or the official or employee's spouse or child living in the same household's financial interest, in the matter to be voted on, regulated, supervised, or otherwise handled in an official capacity. Seen in 40 SEC filings
• Personal interest means in relation to a company, a Person's personal stake in an act or Transaction for the company, including the personal interest of his Relative and of another company where he or his Relative is an interested Party. Seen in 21 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 personal interest' 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

• Personal Interest means a financial gain or disadvantage related to a member or employee, or their immediate family, within an [organization].

Relevant Contract Types

• Employment Contract
• Partnership Agreement
• Consultancy Agreement
• Non-Disclosure Agreement

Relevant Circumstances

• Hiring a new employee
• Offering a partnership in a business
• Engaging a consultant for a business project
• Disclosing sensitive information to somebody

Relevant Sectors

• Human Resources
• Consulting
• Legal
• Finance

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Genie Definition 2

• Personal Interest means a person's financial stake in an act or transaction involving their affiliated [organization] or relative's [organization].

Relevant Contract Types

• Investment Agreement
• Shareholders Agreement
• Joint Venture Agreement
• Merger & Acquisition Agreement

Relevant Circumstances

• Investing in a new business
• Sharing ownership in a corporation
• Forming a joint venture
• Buying or merging with another business

Relevant Sectors

• Investment Banking
• Private Equity
• Accounting
• Business Development

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