How is Stock Recovery defined in a legal contract?
- Stock recovery means a process where a firm rectifies or removes a product that hasn't been marketed or has remained entirely within its jurisdiction. This product is located within the organization's premises with no portion of it marked for sale or consumption. Seen in 41 SEC filings.
- Stock recovery means the correction or eradication of a device, which has not been sold or remained under the sole control of the manufacturer, with none of it intended for sale or use. Seen in 6 SEC filings.
- Stock recovery means an operation undertaken by a firm to correct or remove a product that has neither been marketed nor released from the firm's direct control. It's not seen as a recall. Seen in 5 SEC filings.
- Stock recovery means the act of removing or correcting a device that has neither been put out on the market nor released from the immediate control of the manufacturer, and no portion of it is intended for sale or use. Seen in 2 SEC filings.
- Stock recovery means the rectification or removal of a device, which has not been sent to the market or left the manufacturer's immediate jurisdiction, with none of it marked for sale or consumption. 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 stock recovery' yourself to verify these results. We are always keen to point people to source documents.
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
Stock Recovery means rectifying or removing a product or device that has not been marketed or left the [organization]'s control.
Relevant Contract Types
Relevant Circumstances
- Instances of defective product batches
- In cases of potential safety hazards or violations of regulations
- Where a batch or product fails to meet quality standards
Relevant Sectors
Genie Definition 2
Stock Recovery means a process where a device, under the control of its [manufacturer], is not allowed for sale or use.
Relevant Contract Types
Relevant Circumstances
- In situations where products do not meet regulatory requirements
- Where a product/unit fails to comply with industry standards
- Cases of non-compliance with health and safety laws
Relevant Sectors
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Stock Recovery means rectifying or removing a product or device that has not been marketed or left the [organization]'s control
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