Define: Successful Transaction

How is Successful Transaction defined in a legal contract?

• Successful Transaction means the completion of a private transaction where a group assumes voting and investment control of more than fifty percent of the voting securities of an organization, and the organization no longer has to comply with the periodic disclosure requirements under the Exchange Act. Alternatively, it could be a case where the organization secures 'Incremental Available Financing' of at least a certain number as determined by the board. Seen in 8 SEC filings.
• Successful Transaction means, in relation to a specific party, one where an introductory meeting has been facilitated that, within sixty days of the party being designated as an identified member or customer, results in a bona fide commercial agreement being entered into for the development, manufacturing, use, sale, and importation of one or more licensed products. This excludes any confidentiality, evaluation or similar agreement and must happen within 180 days of the identified member/customer being designated according to [clause]. Seen in 2 SEC filings.
• Successful Transaction means the receipt of a DSC by ASP from ESP for a certain document in the case of ASP and the dispatch of a DSC to ASP by ESP for a certain document. Seen in 2 SEC filings.
• Successful Transaction means a completed Transaction where an Introduced Party was involved and/or where any Work Product was used, and which occurs within thirty-six months after the date of introduction of that party to the Client or any of its related organizations by the Business. Seen in 1 SEC filing.
• Successful Transaction means each instance when client data is submitted to the Silent Verification Service by or on behalf of a Client, Client Affiliate, or User, which returns a result (Match/No match). Seen in 1 SEC filing.
• Successful Transaction means the acceptance of a Confirmation Order by a customer. Seen in 1 SEC filing.
• Successful Transaction means a transaction that has been fully paid through the payment gateway service system of an organization and has been delivered by the organization to the customer. 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 successful transaction' 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

• Successful Transaction means the completion of an agreed activity between specified parties, within a defined period, yielding a positive result.

Relevant Contract Types

• Sales Contracts
• Service Agreements
• Partnership Agreements

Relevant Circumstances

• Business Purchase/Sale
• Service Provision
• Building and Construction Transactions
• Software development and implementation
• Various intellectual property rights transactions

Relevant Sectors

• Real Estate
• IT Services
• Construction
• Retail
• Manufacturing

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Genie Definition 2

• Successful Transaction means the submission of necessary data resulting in the return of a specific required outcome.

Relevant Contract Types

• Data Processing Agreements
• Cloud Service Agreements
• Software Service Agreements

Relevant Circumstances

• Verification services
• User verification processes in cloud services
• Data submission and processing for specific outcomes

Relevant Sectors

• IT and Cloud Services
• E-Commerce
• Financial Services

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