Define: Duplicate Transaction

How is Duplicate Transaction defined in a legal contract?

• Duplicate Transaction means any instances where more than one Transaction is generated from the same vehicle within two minutes at the same general area (e.g., same or adjacent lane). Seen in 1 SEC filing
• Duplicate Transaction means a transaction that has been processed twice for the same purchase. 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 duplicate transaction' 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

• Duplicate Transaction means any instance of more than one transaction occuring within the same [time frame], place or purchase.

Relevant Contract Types

• Sales Contracts
• Lease Agreements
• Service Contracts
• Software Subscription Agreements

Relevant Circumstances

• Multiple transactions from a single vehicle within a specified duration at a toll booth or parking space.
• Multiple instances of the same purchase getting processed due to system errors.

Relevant Sectors

• E-commerce
• Banking
• Transportation
• Software as a Service (SaaS)

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