Define: Company Vehicle
Company Vehicle means a motor vehicle provided or leased by an [organization] for the sole use of a member, resident, or member of staff for work-related purposes.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Company Vehicle means a motor vehicle provided or leased by an [organization] for the sole use of a member, resident, or member of staff for work-related purposes.
Relevant Circumstances
- When an organization provides a vehicle to an employee for work-related travel.
- When a vehicle is leased for business purposes by an organization.