Define: Ready for Use

How is Ready for Use defined in a legal contract?

• Ready for Use means products and/or services are adequately provided, set up, executed, checked, accepted and in operation according to the conditions stipulated, and as detailed specifically in the [specification] and [statement of work]. Seen in 7 SEC filings
• Ready for Use means the connection has been fully installed, tested and has passed the acceptance test in agreement with the provisions of this [contract]. Seen in 5 SEC filings
• Ready for Use means that the project, whether in its entirety or partially depending on context, is ready to be used or occupied for normal courtroom and court [office operations], except for minor unfinished tasks or exceptions on the list, and all aspects have been considered as per the Beneficial Use section of these general conditions. Seen in 4 SEC filings
• Ready for Use means taking into account the following factors, the project or project equipment can be considered ready for use. Seen in 3 SEC filings
• Ready for Use means it has been fully installed, tested and successfully completed, which means the system is functional and operational within the standards agreed by both parties, or at least as expected by a reasonable person considering the company's current version of the software, technology and existing hardware set up to run its line of business. Seen in 2 SEC filings
• Ready for Use means it is properly aligned for test parameters, adequately calibrated, and sufficiently supplied with necessary implements like leads, probes, adapters, stands, and similar items to conduct testing in a thoroughly professional manner. Seen in 2 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 ready for use' 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

• Ready for Use means fully installed, tested, operational and in accordance with agreed standards or [conditions].

Relevant Contract Types

• Software Licensing Agreement
• Product Sale Agreement
• Service Agreement
• Construction Contract

Relevant Circumstances

• Delivery of a new software system
• Completion of a construction project
• Finalisation of a product or service sale
• Completion of equipment installation

Relevant Sectors

• Technology Sector
• Manufacturing Sector
• Construction Sector
• Service Industry

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Genie Definition 2

• Ready for Use means all necessary aspects have been considered, with the product or [project] now functional for its intended purpose.

Relevant Contract Types

• Project Management Agreement
• Consulting Agreement

Relevant Circumstances

• Completion of a consulting project
• Finalisation of a project management assignment

Relevant Sectors

• Consulting Sector
• Real Estate Sector

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