🤔 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.
Looking for further advice on how to define “
Arrears
" in your document?
🚀 Try our AI Legal Assistant! It's free while in beta and it can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
in relation to any Share, all arrears of any dividend or other sums payable in respect of that Share, whether or not earned or declared and irrespective of whether or not the Company has had at any time sufficient Available Profits to pay such dividend or sums, together with all interest and other amounts payable on that Share;
Genie's AI is based on GPT-4 and Genie's own proprietary language models trained on 100,000+ legal docs - try Genie AI today