Define: Change in Condition

How is Change in Condition defined in a legal contract?

• Change in Condition means a transformation in someone’s physical state or a change in the circumstances under which compensation was granted, suspended or terminated which would affect their right to, amount of, or duration of compensation.
  Seen in 96 SEC filings.
• Change in Condition means any in the status (financial or others) of any party that could have a detrimental impact on the validity, performance, or enforceability of any aspect of an agreement, or the potential deals therein, without the given party’s written consent.
  Seen in 35 SEC filings.
• Change in Condition means a shift in wage-earning capacity, physical condition or status of an individual covered by workers’ compensation. This change in condition should have occurred after the date on which such wage-earning capacity, physical condition or status was last established.
  Seen in 6 SEC filings.
• Change in Condition means the happening of unusual conditions, such as changes in state or federal taxes, laws or specifications, an increase in insurance or surety premiums or any other condition that causes any of the operating costs under an agreement.
  Seen in 1 SEC filing.
• Change in Condition means a significant alteration in a person’s health, caregiver support, or functional status that will not usually resolve itself without further intervention and requires a review and revision of the current Individual Service Plan transformation.
  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 change in condition’ 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

• Change in Condition means a significant alteration in an individual’s physical or financial status that requires intervention, impacting the enforcement of an agreement

Relevant Contract Types

• Employment Agreement
• Independent Contractor Agreement
• Compensation Agreement
• Insurance Agreement

Relevant Circumstances

• Employee health condition change
• Business financial status change
• Change in compensation conditions

Relevant Sectors

• Healthcare Sector
• Financial Services Sector
• Real Estate Sector

‍

Genie Definition 2

• Change in Condition means an unusual event causing a transformation in the operational costs under an agreement

Relevant Contract Types

• Operating Agreement
• Franchise Agreement
• Lease Agreement

Relevant Circumstances

• Change in operational costs
• Occurrence of unanticipated operational conditions

Relevant Sectors

• Manufacturing Sector
• Retail Sector
• Hospitality Sector

‍