Define: Shared Software

How is Shared Software defined in a legal contract?

• Shared Software means all software, firmware, and middleware in both object and source code forms, owned by a bank or transferred subsidiaries that are used in the operations of a seller and its affiliates. These include businesses conducted by the bank and subsidiaries, excluding the bank and transferred subsidiaries.
  Seen in 4 SEC filings
• Shared Software means any software, firmware, and middleware in either object or source code form that is necessary to conduct a business, owned or licensed by a seller and its subsidiaries as of a closing date.
  Seen in 2 SEC filings
• Shared Software means software created from scratch under the context of an agreement.
  Seen in 1 SEC filing
• Shared Software means all software and associated intellectual property rights.
  Seen in 1 SEC filing
• Shared Software means all necessary software, owned or licensed by a seller and its subsidiaries as of a closing date, that is indispensable to conduct the business almost in the same manner and extent as currently conducted or used by the seller in connection with the business.
  Seen in 1 SEC filing
• Shared Software means all software, owned or licensed by a seller and its subsidiaries as of a closing date that is necessary for conducting a business. The functionality of such software is material to the business as of the closing date, and cannot be replaced with software providing comparable performance and functionality at a cost less than a certain threshold amount.
  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 shared software’ 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

• Shared Software means software, firmware, and middleware in object and source code forms, crucial for running a business.

Relevant Contract Types

• Software Licensing Agreement
• Technology Transfer Agreement
• Joint Venture Agreement

Relevant Circumstances

• Acquisition of a business where the shared software is crucial for operations.
• Licensing of software to another party for a specified period.

Relevant Sectors

• Technology
• Banking and Financial Services
• Telecommunication

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Genie Definition 2

• Shared Software means any software created from scratch under an agreement, including associated intellectual property rights.

Relevant Contract Types

• Software Development Agreement
• Consulting Agreement
• Non-disclosure Agreement

Relevant Circumstances

• Engaging a software developer to create a custom software for specific business needs.
• Protecting proprietary software developed within a partnership or joint venture.

Relevant Sectors

• Information Technology
• Software-as-a-Service (SaaS)
• E-commerce

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