How is Market Contract defined in a legal contract?
- Market Contract means a contract that's in compliance with the regulations of a [clearing organization] under a [novation], both for complying with regulations and for clearing and the settlement of transactions in securities, either on or governed by securities exchange rules. Seen in 19 SEC filings
- Market Contract means any contract excluding those where parties have agreed on a product or specification different than predefined or situated in different terms than those set, under contract terms. Seen in 12 SEC filings
- Market Contract means an exchange trade. Seen in 9 SEC filings
- Market Contract means a customer sales contract that complies with Part A of the [Energy Retail Code]. This doesn't include standing or default contracts. Seen in 6 SEC filings
- Market Contract means a contract for the clearing and settlement of securities or futures contracts that is: (i) performed on a recognized stock market or a recognized futures market; or (ii) subjected to the rules of a recognized exchange. Seen in 6 SEC filings
- Market Contract means a contract between HKSCC and a Participant resulting from the Novation of a Clearing Agency Transaction to be accomplished under the CNS system. Seen in 4 SEC filings
- Market Contract means any Contract in accordance with the rules that fall under the definition of ""Market Contract"" in the section 258 of the [ADGM] Financial Services and Markets Regulations 2015. Seen in 2 SEC filings
- Market Contract means a contract to which part 7 of the Companies Act 1989 is applicable as a result of the operation of section 155 of that Act(8). Seen in 2 SEC filings
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.
Genie Definition 1
Market Contract means a contract in compliance with [governing regulations], for clearing and settlement of transactions in securities or futures.
Relevant Contract Types
Relevant Circumstances
- When initiating securities trading
- When initiating futures trading
- When establishing clearing and settlement procedures
Relevant Sectors
Genie Definition 2
Market Contract means a compliant contract for customer sales, excluding standing or default contracts.
Relevant Contract Types
Relevant Circumstances
- When selling a product or service to a customer
- When defining terms of a sales agreement
Relevant Sectors
Genie Definition 3
Market Contract means an exchange trade.
Relevant Contract Types
Relevant Circumstances
- When trading goods or services directly without money
- When trading on a stock or commodities exchange
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! 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!)
Market Contract means a contract in compliance with [governing regulations], for clearing and settlement of transactions in securities or futures
.png)
.png)
