How is Damaged Products defined in a legal contract?
- Damaged Products means products which become unsuitable for use due to damage incurred once they are en route to the customers. Seen in 6 SEC filings
- Damaged Products means goods dispatched by a [distributor] which endure damage while being delivered to customers, and are subsequently unfit for the intended use. Products spoiled while in the customer's care are not considered Damaged Products. Seen in 3 SEC filings
- Damaged Products means any licensed goods which (a) experience damage or contamination and (b) become obsolete or outlive their shelf-life. It also includes products (c) that deviate from the final production samples approved by Masterfoods and (d) which are considered unsuitable for sale or distribution to customers. Seen in 1 SEC filing
- Damaged Products means products that become useless for their intended purpose due to damages sustained during their shipment. Seen in 1 SEC filing
- Damaged Products means goods that possess a manufacturing defect or have been damaged during handling or, in the case of Returned Products, may have been damaged by the Client's customers. Seen in 1 SEC filing
- Damaged Products means products that are damaged during original delivery. If such products are accepted, the damage should be noted on the delivery record. Moreover, all order discrepancies should be reported within 5 days of receipt. Seen in 1 SEC filing
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 damaged products' 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
- Damaged Products means goods becoming unfit for their intended use due to damage sustained during transit or handling.
Relevant Contract Types
Relevant Circumstances
- Goods being transported from one location to another
- Goods being handled during packaging or storing processes
Relevant Sectors
Genie Definition 2
- Damaged Products means items failing to meet production standards, outdated or considered unsuitable for distribution to customers.
Relevant Contract Types
Relevant Circumstances
- Quality checks of items before or after they are manufactured
- When supply of products to customers or retailers are involved
Relevant Sectors
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Damaged Products means goods becoming unfit for their intended use due to damage sustained during transit or handling
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