How is Sale of Goods defined in a legal contract?
- Sale of Goods means a transaction under any agreement where a trader promises to transfer ownership of goods to a consumer and the consumer commits to pay the price. This includes any contract that pertains to both goods and services. Seen in 2 SEC filings.
Please note that the other definitions were inappropriate due to their specific organisational and location based information, and hence were omitted.
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 sale of goods' 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.
Genie Definition 1
- Sale of Goods means a transaction where a trader commits to transfer goods ownership to a consumer in [currency] for a price.
Relevant Contract Types
Relevant Circumstances
- Buying or selling commodities
- International trade
- Wholesale and retail operations
Relevant Sectors
Genie Definition 2
- Sale of Goods means an agreement including goods and services where a consumer promises to pay a trader for goods ownership.
Relevant Contract Types
Relevant Circumstances
- Trading a bundle of physical commodities and related services
- B2B and B2C operations
Relevant Sectors
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Sale of Goods means a transaction where a trader commits to transfer goods ownership to a consumer in [currency] for a price.
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