Define: Offline Business

How is Offline Business defined in a legal contract?

• Offline Business means an interruption in system performance that affects business operations, wherein the disruption should last more than an estimated time during preset operational hours (excluding [public holidays]). This is known as a qualifying outage. The credit for the outage will be calculated per minute based on system availability for that particular month. Seen in 1 SEC filing
• Offline Business means a company's use of IRESS Trader provided by an [organization], not through online medium but other means including telephone or email. Seen in 2 SEC filings
• Offline Business means a business or a part of a business that primarily engages in the sale of goods and/or services through methods of distribution, not involving the internet. Seen in 1 SEC filing
• Offline Business means a business or a part of a business excluding Internet Business that primarily engages in the sale of goods and services through physical store locations, print catalogs, and mail order catalogs. Seen in 1 SEC filing
• Offline Business means a business or part of a business that is primarily engaged in setting up or operating paper catalogs or physical retail stores for the sale of goods. 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 offline business' 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

Offline Business means a business or component thereof engaging primarily in goods and/or services through non-internet based methods.

Relevant Contract Type

• Retail Agreement
• Distribution Agreement
• Franchise Agreement
• Supply of Goods and Services Agreement

Relevant Circumstances

• Establishing a new brick-and-mortar business outlet
• Expanding business operations into offline markets
• Setting up a franchise model for business expansion
• Entering into distribution agreements for reaching out to offline customers

Relevant Sectors

• Retail
• Wholesale
• Franchise

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Genie Definition 2

Offline Business means business disruption due to system performance issues during scheduled operating hours.

Relevant Contract Type

• Business Interruption Insurance Policy
• Service Level Agreement

Relevant Circumstances

• System outages affecting business operations
• Establishing protocols for handling system downtime in business contracts
• Seeking business interruption insurance to cover losses from system downtime

Relevant Sectors

• Information Technology
• Telecommunication
• Insurance

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