Define: Technical Error

How is Technical Error defined in a legal contract?

• Technical Error means minor discrepancies that are insignificant and occur solely from the wording of a certain rule. Seen in 4 SEC filings
• Technical Error means mistakes in eligibility conditions that, if fixed, wouldn't change the amount of assistance provided. Seen in 1 SEC filing
• Technical Error means small inconsistencies of little importance that arise strictly from the phrasing of a particular rule, as long as these inconsistencies don't significantly impact the bid. Seen in 1 SEC filing
• Technical Error means types of mistakes that don't constitute substantial error or an inability to correct a defect. For instance, failure to sign your application is a simple correctable error and rectifying the mistake by signing the application won't bring up new issues which might lead to application rejection. 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 technical error' 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

Technical Error means minor inconsistencies due to the specific wording of a rule.

Relevant Contract Types

• Employment Contracts
• Service Level Agreements
• Non-Disclosure Agreements

Relevant Circumstances

• When rules and procedures are being documented and defined.
• Instances where precision in language and instructions is key.
• In cases where attention to detail is crucial for the contract.

Relevant Sectors

• Legal
• Information Technology
• Marketing

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Genie Definition 2

Technical Error means easily adjusted mistakes that cannot significantly affect outcomes.

Relevant Contract Types

• Licensing Agreements
• Sales Contracts
• Partnership Agreements

Relevant Circumstances

• When execution steps for a contract are being outlined.
• In cases where mistakes can be resolved without impacting the contract's final outcome.
• During the development of procedures where troubleshooting is necessary.

Relevant Sectors

• Manufacturing
• Sales
• Real Estate

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