Define: Prospective Buyer

How is Prospective Buyer defined in a legal contract?

• Prospective Buyer means any entity negotiating or offering to become an owner or renter of residential real property through a valuable transfer to which [this Act] applies. Seen in 47 SEC filings
• Prospective Buyer means any person or entity proposing to purchase or otherwise acquire shares from a proposed seller of stocks. Seen in 16 SEC filings
• Prospective Buyer means any person proposing to buy shares from a potential investor intending to sell. Seen in 15 SEC filings
• Prospective Buyer means a person solicited by a door-to-door seller to buy a consumer product who shows sufficient interest in that product or maintains enough contact with the seller for the seller to reasonably conclude that the person solicited is considering purchasing the product. Seen in 13 SEC filings
• Prospective Buyer means any entity proposing to buy or otherwise acquire shares through a [scheduled] sale. Seen in 11 SEC filings
• Prospective Buyer means any entity negotiating. Seen in 10 SEC filings
• Prospective Buyer means a person who has proposed a written offer to buy a building. Seen in 8 SEC filings
• Prospective Buyer means a person making a bid in response to, and as required by, this [bid document]. Seen in 5 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 prospective buyer' 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

• Prospective Buyer means an entity negotiating, offering, proposing or engaging in the process to purchase, acquire, or rent [goods, services, or property].

Relevant Contract Types

• Purchase Agreements
• Sale and Purchase Agreements
• Real Estate Contracts
• Merger and Acquisition Agreements

Relevant Circumstances

• Transaction between parties for goods, services or properties.
• Sale and purchase of a business or its assets.
• Real estate transactions.

Relevant Sectors

• Retail Industry
• Real Estate Sector
• Automotive Industry
• Technology Industry

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Genie Definition 2

• Prospective Buyer means a person displaying significant interest in purchasing [goods, services, or property] upon solicitation.

Relevant Contract Types

• Sales Agreements
• Franchise Agreements
• Licensing Agreements

Relevant Circumstances

• Sale of a product or service following a successful solicitation or marketing effort.
• Licensing or franchising of a brand, product or service.

Relevant Sectors

• Franchise Industry
• Consumer Goods Sector
• Services Sector

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