Define: Arm’s Length Basis

The meaning of “Arm’s Length Basis” 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 “Arm’s Length Basis" in your 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!)

What is the most popular definition of 'Arm’s Length Basis'?

Arm’s Length Basis means a transaction between two parties without conflicting interests, conducted as unrelated entities.