Define:

Business Day

The meaning of “

Business Day

” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

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.

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “

Business Day

" 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!)

What is the most popular definition of '

Business Day

'?

Monday to Friday (inclusive) except bank or public holidays in England;

Sample Patent Knowhow License (Lambert)

This legal template, titled "Sample Patent Knowhow License (Lambert) under UK law," is a standardized document designed to outline the terms and conditions for the licensing of patent-related knowhow. It specifically pertains to licensing agreements falling within the jurisdiction of the United Kingdom.

The template would likely cover various aspects of the licensing agreement, including the identification of the parties involved, such as the licensor (the owner of the patent) and the licensee (the entity seeking to use the patented knowhow). It would also outline the scope of the license, specifying the exact patent or patents that are being licensed, as well as any accompanying knowhow or trade secrets provided by the licensor.

Additionally, the template would cover topics related to the rights and obligations of both parties. This might include details about the licensee's usage rights, restrictions on sublicensing, confidentiality requirements, and any specific restrictions on exploitation. The template may also address issues such as indemnification, termination, and dispute resolution mechanisms, all within the context of the UK legal framework.

Given that it is a sample template, it is likely designed to serve as a starting point for future licensing agreements. Users of the template would be expected to tailor and modify its provisions to suit their specific needs and circumstances. It is essential for users to consult with legal professionals to ensure compliance with current UK patent and contract law while adapting the template to their particular licensing requirements.
Contract template sketch
0
2
0

Sample Materials Transfer Agreement (Lambert)

The Sample Materials Transfer Agreement (Lambert) under UK law is a legal template that outlines the terms and conditions for transferring materials between two parties within the jurisdiction of the United Kingdom. This agreement sets forth the rights and obligations of the transferring party (the "Provider") and the receiving party (the "Recipient") regarding the transfer of materials, including but not limited to scientific or research-related materials, biological specimens, or other tangible items.

The template covers key aspects such as the description and identification of the transferred materials, the purpose of the transfer, restrictions on the use of materials, rights and ownership of intellectual property, confidentiality obligations, liability limitations, and dispute resolution mechanisms. It ensures that both parties understand and agree upon the conditions under which the materials will be transferred, used, and preserved.

Furthermore, the agreement may include provisions regarding the duration of the transfer, the need for written consent for any modifications or subsequent transfers, the requirements for any necessary permits or approvals, and compliance with applicable laws and regulations. It also addresses issues related to the protection of personal data, indemnification, and termination of the agreement.

By utilizing the Sample Materials Transfer Agreement (Lambert), parties involved in the transfer of materials can establish a legally binding framework that protects their assets, preserves confidentiality, and promotes responsible and lawful conduct throughout the transfer process. This template contributes to clarity, transparency, and efficient management of valuable materials, fostering collaboration and scientific or research advancements while ensuring compliance with UK law.
Contract template sketch
0
2
0

Sample Equipment Loan Agreement (Lambert)

The Sample Equipment Loan Agreement (Lambert) under UK law is a legal template that outlines the terms and conditions of a loan agreement for equipment or assets. This document is specifically designed to be used within the United Kingdom jurisdiction.

The agreement serves as a legally binding contract between the lender and the borrower involved in the equipment loan transaction. It clearly defines the obligations, rights, and responsibilities of both parties during the loan period.

The template features various sections that cover essential details, such as the identification of the equipment being loaned, its condition, and the duration of the loan agreement. It includes provisions related to insurance coverage, maintenance responsibilities, and liability for damages or loss of the equipment.

Additionally, the agreement addresses any financial considerations, such as fees, penalties, or deposit requirements associated with the loan. It may also specify the terms for extending or terminating the loan agreement, including any notice periods or conditions that need to be adhered to.

Furthermore, the Sample Equipment Loan Agreement (Lambert) incorporates clauses to protect the intellectual property rights of the lender if applicable. This ensures that the borrower does not exploit or misuse any proprietary knowledge associated with the equipment during the loan period.

Overall, this legal template provides a comprehensive framework for lenders and borrowers to establish a clear understanding of the terms surrounding the loan of equipment, promoting transparency and mitigating potential disputes.
Contract template sketch
0
2
0

Collaboration Agreement 6 (institution has research rights only)

The Collaboration Agreement 6 (institution has research rights only) under UK law is a legally binding document that outlines the terms and conditions for a collaborative research project between two or more parties. This agreement specifically caters to institutions that are granted research rights while limiting their involvement in any commercial or proprietary aspects related to the project.

The template aims to establish a clear understanding between the collaborating parties regarding their respective roles, responsibilities, and intellectual property rights. It covers crucial aspects such as project objectives, scope of work, allocation of resources, financial obligations, and duration of the collaboration.

Additionally, this agreement addresses the ownership and protection of intellectual property resulting from the research activities. It clearly defines which party shall have the rights to any discoveries, inventions, patents, or copyrights, and how licensing or commercialization of such intellectual property will be managed.

Other provisions within this legal template might cover confidentiality of sensitive information, publication rights, dispute resolution, termination clauses, and any applicable governing laws under the jurisdiction of the United Kingdom.

By utilizing this Collaboration Agreement template, research institutions can establish a solid framework to effectively collaborate on scientific or technological projects while safeguarding their respective research rights and ensuring compliance with the legal requirements under UK jurisdiction.
Contract template sketch
0
1
0

Collaboration Agreement 5 (contract research, restricted publication)

The Collaboration Agreement 5 (contract research, restricted publication) under UK law is a legal template designed to establish the terms and conditions for collaborative research projects between two or more parties. This agreement is specifically tailored for situations where the research findings require restricted publication, meaning the dissemination of the results will be limited or controlled due to intellectual property considerations, confidentiality obligations, or other regulatory requirements.

This template sets out the fundamental elements that need to be addressed in a contract research collaboration, such as the objectives, scope, and duration of the project. It outlines the responsibilities and contributions of each party involved, specifying their respective roles, obligations, and rights. Additionally, it provides a framework for addressing issues related to funding, intellectual property ownership and management, confidentiality, and dispute resolution mechanisms.

The agreement includes provisions concerning the research protocols, data sharing and access, publication restrictions, and the handling of any potentially sensitive information or materials. It also covers the mechanisms for monitoring and evaluating the progress of the project, specifying the reporting requirements and the process for reviewing and modifying the agreement if necessary.

By utilizing this template, all parties involved can have a clear understanding of their roles and responsibilities, ensuring effective collaboration and communication throughout the research project. Moreover, it helps safeguard the rights and interests of each party, ensuring that any restricted publication requirements or intellectual property concerns are addressed appropriately under UK law.
Contract template sketch
0
1
0

Collaboration Agreement 4A (mutual IP assignment)

The Collaboration Agreement 4A (mutual IP assignment) under UK law is a legal template specifically tailored for parties engaging in a collaborative project or business venture. This agreement focuses on the mutual assignment and ownership of intellectual property (IP) rights between the parties involved.

The document outlines the terms and conditions under which the parties agree to collaborate, ensuring clarity and protection of their respective intellectual property assets. It covers various aspects related to IP, such as inventions, patents, trademarks, copyrights, trade secrets, and other forms of proprietary information generated during the collaboration.

Key points addressed in this template include the assignment of rights, joint ownership, confidentiality obligations, indemnification, dispute resolution mechanisms, termination provisions, and the handling of any third-party infringements.

By adopting this agreement, the parties can establish a clear framework to manage the creation, ownership, and use of intellectual property developed jointly or individually during the collaboration. This legal template under UK law provides a solid foundation for parties to engage in a collaborative project with confidence, ensuring equitable rights and protection of their IP assets.
Contract template sketch
0
3
0

Collaboration Agreement 3 (negotiate IP assignment)

The Collaboration Agreement 3 (negotiate IP assignment) under UK law is a legal template that establishes the terms and conditions for collaboration between two or more parties in the United Kingdom while specifically addressing the assignment of intellectual property (IP) rights. This agreement is designed to outline the framework for parties involved in joint ventures, partnerships, or any other type of collaboration where the development, creation, or usage of intellectual property is a significant aspect.

The template addresses various essential aspects related to the collaboration, including the identification of the parties involved, the purpose and scope of the collaboration, and the roles and responsibilities of each party. It also includes provisions for clarifying the ownership, protection, and management of intellectual property rights that may be created or contributed to during the collaboration.

One critical element of this agreement is the negotiation of IP assignment, which explicitly focuses on the ownership and transfer of intellectual property rights. The template provides a framework for parties to discuss and determine the allocation of IP rights, ensuring clarity and avoiding potential conflicts in the future. Such discussions may cover existing IP rights brought into the collaboration, as well as the creation of new IP assets during the collaborative venture.

The Collaboration Agreement 3 (negotiate IP assignment) under UK law is specifically tailored to adhere to the legal requirements within the jurisdiction of the United Kingdom. It may be utilized by businesses, organizations, or individuals entering into collaborations where the development, utilization, or transfer of intellectual property is a contentious or crucial component. By using this legal template, parties can establish a clear understanding of rights, obligations, and IP ownership, promoting a cooperative and transparent working relationship and safeguarding their respective interests.
Contract template sketch
0
3
0

Collaboration Agreement 2 (negotiate IP license)

This legal template is a Collaboration Agreement specifically tailored for negotiating an Intellectual Property (IP) license under the jurisdiction of UK law. The purpose of this agreement is to establish a formal framework for two or more parties to collaborate and mutually benefit by sharing their IP assets, knowledge, expertise, and resources.

The agreement outlines the terms and conditions related to the licensing of IP, defining the rights and responsibilities of each party involved. It includes provisions for the ownership and use of the licensed IP, including any potential restrictions, limitations, or exclusivity. Additionally, the agreement addresses issues of confidentiality, ensuring that sensitive information shared during the collaboration remains protected.

Furthermore, the Collaboration Agreement covers the allocation of costs, revenue sharing, and any potential royalties or monetary compensation associated with the licensed IP. It can also include provisions for dispute resolution, termination conditions, and post-termination obligations to ensure a smooth transition or continuation of the collaboration.

Under UK law, this template incorporates relevant legal regulations and guidelines regarding IP rights, licenses, and collaboration agreements. It provides a comprehensive and legally binding document that protects the interests of all parties involved while promoting a collaborative and mutually beneficial relationship centered around the licensed IP.
Contract template sketch
0
5
0

Collaboration Agreement 1 (non-exclusive rights)

The Collaboration Agreement 1 (non-exclusive rights) under UK law is a legal template that outlines the terms and conditions for collaboration between two or more parties in the United Kingdom. This agreement specifically grants non-exclusive rights, allowing each party to collaborate with other entities as well.

The template covers various aspects of the collaboration, including the purpose and objectives, obligations and responsibilities of each party, and the timeline or duration of the collaboration. It also addresses the scope of the collaboration, defining the specific activities and deliverables involved.

Furthermore, the agreement delves into the financial aspects, such as the allocation of costs and expenses, revenue sharing, and intellectual property rights. It clarifies the ownership of any new intellectual property developed during the collaboration and outlines the procedure for licensing or assigning such rights.

The template also incorporates provisions for termination, dispute resolution mechanisms, and confidentiality obligations to protect sensitive information shared during the collaboration. It may also touch upon indemnification and liability limitations to allocate potential risks and responsibilities among the parties.

Overall, the Collaboration Agreement 1 (non-exclusive rights) template provides a comprehensive framework for parties entering into a collaborative venture in the UK. It ensures clarity, alignment, and legal protection for all parties involved, promoting successful and mutually beneficial collaborations while adhering to UK laws and regulations.
Contract template sketch
0
3
1

Collaboration Agreement 4 (non-commercial rights)

The Collaboration Agreement 4 (non-commercial rights) under UK law is a legal template crafted specifically for individuals or entities entering into a collaborative partnership with the intention to work on non-commercial projects within the geographic jurisdiction of the United Kingdom. This agreement outlines the terms, conditions, and obligations of each party involved in the collaboration in order to establish clear guidelines and protect the rights and interests of all parties involved.

The template encompasses various important aspects of the collaboration, including the definition of the project scope, the roles and responsibilities of each participant, the intellectual property rights, and the rules for project management and decision-making. It also addresses issues related to the allocation of costs, liabilities, and contributions of each party, providing a framework for financial arrangements and potential dispute resolution.

Specifically tailored to non-commercial projects, this agreement ensures that the collaborative effort remains non-profit driven and aligns with the principles of the UK legal system. It may include provisions regarding the usage and licensing of intellectual property, such as copyrights or trademarks, ensuring that the rights and ownership of any new creations resulting from the collaboration are properly addressed and protected as per UK law.

By utilizing the Collaboration Agreement 4 template under UK law, all parties involved have a legally binding document that promotes a clear understanding of their rights, responsibilities, and expectations throughout the duration of the non-commercial collaboration.
Contract template sketch
0
4
1
Use this definition

The 2nd most popular definition of '

Business Day

' is:

any day other than a Saturday, Sunday or any other day which is a public holiday in the place or places at which the transaction in question is being effected or the notice in question is effected;

Advisory Agreement

An Advisory Agreement under UK law is a legally binding contract commonly used between a company or individual seeking guidance, expertise, or advice (the "Client") and a professional advisor or consultancy (the "Advisor"). This template governs the terms and conditions of the advisory relationship, outlining the nature of the advice to be provided, the scope of services, payment terms, confidentiality obligations, and other important provisions.

The agreement typically starts by defining the roles and responsibilities of both parties, specifying the specific subject matter or industry in which advisory services will be rendered. It further lays out the duration of the agreement, whether it is a one-time consultation or an ongoing advisory relationship, and any termination provisions.

The scope of services section specifies the type and extent of advice to be provided, including the methods, resources, and timeframes necessary for the Advisor to complete their role effectively. It may outline the expected deliverables, milestones, or meetings to be scheduled throughout the engagement.

In terms of payment, the agreement generally stipulates the compensation structure, such as fixed fees, hourly rates, or retainer arrangements. It may also include reimbursement provisions for any reasonable expenses incurred by the Advisor during the engagement. The payment terms, including due dates and invoicing procedures, are usually detailed to ensure clarity and smooth financial transactions.

To protect the confidentiality of sensitive information shared during the advisory engagement, the agreement commonly includes robust confidentiality provisions. These provisions govern the handling, protection, and non-disclosure of confidential information exchanged between the parties, preserving the integrity and commercial value of such information.

Other notable clauses may include provisions related to intellectual property rights, dispute resolution mechanisms, jurisdiction, and any additional terms or conditions agreed upon by both parties.

Overall, an Advisory Agreement under UK law aims to establish a clear and comprehensive framework for the advisory relationship while legally safeguarding the rights and interests of both the Client and the Advisor.
Contract template sketch
0
3
0
See templates using this definition

The 3rd most popular definition of '

Business Day

' is:

a day on which the English clearing banks are ordinarily open for the transaction of normal banking business in the City of London (other than a Saturday or Sunday);

Model Shareholders and Subscription Agreement (BVCA)

The Model Shareholders and Subscription Agreement template under UK law, commonly referred to as BVCA (British Private Equity and Venture Capital Association) agreement, sets out the terms and conditions governing the relationships between shareholders in a company and their rights and obligations.

This template is designed to be used by startups, private companies, and investment firms seeking to formalize their investment agreements, rights, and obligations. It outlines various matters relating to the issuance and transfer of shares, protective provisions, governance, rights to information, exit rights, and dispute resolution mechanisms.

The Model Shareholders and Subscription Agreement aims to provide a clear and comprehensive framework for shareholders to maintain control over their investments and promote transparency within the company. It ensures that important decisions are made collectively, protecting the interests of all parties involved.

By utilizing this template, parties can establish essential provisions, such as capital contributions, board representation, preemptive rights, drag-along and tag-along rights, anti-dilution protection, and restrictions on the transfer of shares. The BVCA agreement also covers important aspects of corporate governance, including decision-making processes, appointment of directors, and access to financial information.

This legal template promotes certainty and stability in shareholder relationships while addressing common issues that may arise in the course of financing and investment transactions. It is adaptable to specific circumstances and can be customized to reflect the unique requirements of the parties involved.

Overall, the Model Shareholders and Subscription Agreement (BVCA) under UK law offers a comprehensive and standardized framework that helps facilitate investment transactions, protects the interests of shareholders, and contributes to the smooth operation of the company.
Contract template sketch
0
5
0
See templates using this definition

The 4th most popular definition of '

Business Day

' is:

a day on which English clearing banks are ordinarily open for the transaction of normal banking business in the City of London (other than a Saturday or Sunday);

Model Articles of Association (BVCA)

The Model Articles of Association (BVCA) under UK law is a legal template that outlines and governs the internal workings and regulations of a private limited company in the United Kingdom. The template is specifically designed and recommended by the British Private Equity & Venture Capital Association (BVCA).

This document provides a comprehensive framework for the structure, operation, and management of a company, ensuring compliance with UK company law and industry standards. It covers various aspects, including the division and rights of shares, appointment and powers of directors, issuance of dividends, decision-making processes, and procedures for meetings.

The Model Articles of Association aim to facilitate effective corporate governance, protect the interests of shareholders, and provide a clear set of guidelines for directors and officers to follow. This legal template serves as a starting point for private limited companies, offering a flexible and adaptable framework that can be customized to suit specific needs and requirements.

By adopting the Model Articles of Association, companies can benefit from the expertise and experience of the BVCA, which represents the private equity and venture capital industry in the UK. The template ensures consistency and familiarity with commonly accepted practices, enabling companies to establish a strong foundation for their operations and enhance investor confidence.

It is important to note that while the Model Articles of Association provide a reliable template, companies should always seek legal advice to ensure compliance with applicable laws and appropriate customization according to specific circumstances.
Contract template sketch
0
2
0
See templates using this definition

The 5th most popular definition of '

Business Day

' is:

a day other than a Saturday, Sunday or public holiday in England when banks in London are open for business;

Services Agreement (for Mutuals & Cooperatives)

The Services Agreement template, designed for Mutuals & Cooperatives operating under UK law, outlines the terms and conditions governing the provision of services between two parties. This template ensures that both the service provider and the recipient thoroughly understand their roles, rights, and obligations throughout the agreement.

The document covers various aspects, including the scope of services, service durations, payment terms, intellectual property ownership, confidentiality obligations, termination conditions, and dispute resolution mechanisms. It also addresses specific provisions related to Mutuals & Cooperatives, ensuring compliance with applicable laws and regulations governing these unique organizational structures.

The template emphasizes the importance of mutualism and cooperation, aiming to create a fair and balanced relationship between the parties. It offers detailed clauses to protect the interests of both the service provider and the recipient, clarifying liabilities, indemnities, and limitations of liability. Additionally, the agreement may include provisions related to insurance requirements, compliance with data protection laws, compliance with health and safety regulations, and other specific considerations relevant to Mutuals & Cooperatives.

By utilizing this Services Agreement template, Mutuals & Cooperatives can establish a clear framework for their service agreements to ensure efficient collaboration, minimize potential disputes, and protect their respective rights and interests.
Contract template sketch
1
3
0
See templates using this definition

Ask Genie your legal questions

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

Step 1

Choose from 4700+ regularly updated legal templates

Step 2

Customise & review your doc with Genie's AI assistant

Step 3

Collaborate with your team and counterparties in one platform

Legal professionals join forces to solve industry problems
Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor
Techcrunch Logo
Empowering lawyers to draft with the collective intelligence of the firm.
Forbes Logo
The technology spun out of research on generative algorithms at University College London
The Law Gazette Logo
Genie AI - Your AI legal assistant | Product Hunt