Define: Business Group

How is Business Group defined in a legal contract?

• Business Group means a distinct part of an [organization] that operates and is evaluated separately for financial performance and strategic decisions. Seen in 10 SEC filings
• Business Group means a business entity recognized under the Business Groups Incorporation Act of 1974. Seen in 4 SEC filings
• Business Group means a collection of entities, regardless of the jurisdiction or how they are organized, where a single entity maintains control over the others. Seen in 4 SEC filings
• Business Group means a set of businesses that share common characteristics. Seen in 3 SEC filings
• Business Group means the entities, regardless of jurisdiction or how they are incorporated, organized under direct or indirect capital ownership structures, bound by an agreement, or in any other manner, where one entity maintains control over the others. Seen in 3 SEC filings

Please note that these definitions are simplified interpretations and are intended to make it easier for the average business user to understand. The specific definitions of ""Business Group"" may vary depending on the context and specific legal contractual agreement.

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 business group' yourself to verify these results. We are always keen to point people to source documents.

‍

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

Business Group means a collection of entities, regardless of jurisdiction, where one entity maintains control over the others.

Relevant Contract Types

• Business Organization Agreement
• Partnership Agreement
• Shareholder Agreement

Relevant Circumstances

• When multiple business entities exist under the control of a single entity
• In cross-border transactions, where operating entities extend beyond a single jurisdiction

Relevant Sectors

• International Trade
• Real Estate
• Investment Firms

‍

Genie Definition 2

Business Group means a distinct part of an [organization] that operates and is evaluated separately for financial outcomes.

Relevant Contract Types

• Departmental Budget Agreement
• Project Agreement
• Performance Management Agreement

Relevant Circumstances

• When an organization operates divisions or departments as separate entities
• In matters of financial reporting and performance evaluation

Relevant Sectors

• Finance
• Corporations
• Government

‍