Define: Major Division

How is Major Division defined in a legal contract?

• Major Division means a focused grouping within an [organization] seeking to fulfill one or more of its primary statutory responsibilities. Seen in 4 SEC filings.
• Major Division means a branch or business of the [organization] that accounts for at least 20% of its revenues or 20% of the its profits and that the [executive] has been actively involved with. Seen in 4 SEC filings.
• Major Division means the operating branches within an [organization]. Seen in 4 SEC filings.
• Major Division means a determination made by the [department head] in accordance with job requirements. Seen in 2 SEC filings.
• Major Division means any of the branches including, Retail, College or the [organization] domain. Seen in 1 SEC filing.
• Major Division means either the [organization]'s digital device and content business or the [organization]'s college booksellers business. 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 major division' yourself to verify these results. We are always keen to point people to source documents.

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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.

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Genie Definition 1

• Major Division means a significant operating unit within an [organization].

Relevant Contract Type

• Business Formation Agreement
• Mergers and Acquisitions Agreement
• Partnership Agreement
• Company Bylaws
• Joint Venture Agreement

Relevant Circumstances

• Formation of a new business entity
• Creation or modification of an organizational structure
• Merger or acquisition
• Business expansion or reorganization

Relevant Sectors

• Corporate Law
• Business Management
• Manufacturing
• Technology
• Pharmaceutical

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Genie Definition 2

• Major Division means a segment of an [organization] accounting for at least 20% of its profits or revenues.

Relevant Contract Type

• Business Sale Agreement
• Profit Sharing Agreement
• Asset Purchase Agreement
• Share Purchase Agreement

Relevant Circumstances

• Sale or purchase of a business
• Division of profits among stakeholders
• Acquisition or sale of substantial assets or shares

Relevant Sectors

• Mergers and Acquisitions
• Investment Banking
• Real Estate
• Private Equity
• Venture Capital

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