How is Advance Receipts defined in a legal contract?

• Advance Receipts means the total sum of all funds received in any way (such as a deposit or pre-payment) by or on behalf of the seller prior to the completion date, that are associated with any service or object to be delivered by the buyer under any business contracts or through conducting business as usual, following the completion date.
  Seen in 5 SEC filings.
• Advance Receipts means the total of all funds (whether by deposit, prepayment or otherwise) received by the seller before the Transfer Time in respect of the cost or value of any contract under which any goods are to be delivered or any service is to be provided by the buyer after the Transfer Time.
  Seen in 1 SEC filing.
• Advance Receipts means all sums received by or on behalf of the seller prior to the completion date in respect of the business but relating or attributable to or paid in respect of any period after the completion date.
  Seen in 1 SEC filing.
• Advance Receipts means All sums received by or on behalf of the seller prior to the transfer date in respect of the business but relating or attributable to or paid in respect of goods, services, or facilities, which remain to be delivered, performed or provided at completion.
  Seen in 1 SEC filing.
• Advance Receipts means every amount that was paid to the seller on or before the transfer date in respect of goods or services to be supplied by the business, pursuant to any of the seller’s contracts after the transfer date.
  Seen in 1 SEC filing.

Remember, using each definition will depend on the specific context of your legal document or contract.

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 advance receipts’ yourself to verify these results. We are always keen to point people to source documents.

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Genie Definition 2

• Advance Receipts means payments received by [Seller] relating to services or goods still to be delivered post a predefined [Transfer Time].

Relevant Contract Types

• Supply Agreement
• Licensing Agreement
• Vendor Agreement

Relevant Circumstances

• Payment received from a client for goods or services that will be delivered after the transfer time.
• When a contract outlines a payment structure where funds are paid before delivery of services or goods.

Relevant Sectors

• Retail
• Construction
• Real Estate

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