Define: Feasibility

How is Feasibility defined in a legal contract?

• Feasibility means the probability that a project will secure the required funding to reach completion and that the proposed redevelopment or improvement that is the focus of the project will also be complete.
  Seen in 29 SEC filings.
• Feasibility means the result of a study on individuals who will be incorporated within the scope of a financial restructuring, aiming to determine whether these individuals can become solvent again if and to the extent that their debts are restructured or rescheduled according to a new repayment plan. This is determined through the examination of their assets, both on and off the balance sheet, as a whole.
  Seen in 3 SEC filings.
• Feasibility means the likelihood that a measure can be constructed and, if constructed, could control flooding. If an alternative does not provide safe ways to exit the structure, then it is not deemed feasible.
  Seen in 2 SEC filings.
• Feasibility means that a Chapter 13 plan proposes to pay enough funds to the Chapter 13 Trustee to enable the Trustee to pay all stakeholders in the manner that the plan suggests they should be paid.
  Seen in 1 SEC Filing.

These definitions exclude any mentions of clauses, specific numbers, appendices, and schedules. All organizational names, and debtor and creditor names are replaced with generic terms. Definitions that include specific country information and the name of any specific organization are omitted.

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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

Feasibility means the probability of securing necessary resources for successful project completion.

Relevant Contract Types

• Project Contracts
• Supply Contracts
• Partnership Agreements
• Joint Venture Contracts

Relevant Circumstances

• New project inception and planning
• Resource assessment for ongoing projects
• Management decisions involving resource allocation
• Capital budgeting decisions

Relevant Sectors

• Construction
• Information Technology
• Manufacturing
• Energy and Utilities

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Genie Definition 2

Feasibility means a study to determine solvency upon restructuring debts under a new repayment plan.

Relevant Contract Types

• Debt Restructuring Agreements
• Financial Services Contracts
• Insolvency Agreements

Relevant Circumstances

• Debt restructuring negotiations
• Insolvency or bankruptcy proceedings
• Financial planning for debt-laden firms
• Evaluation of credit risks

Relevant Sectors

• Banking
• Financial Services
• Real Estate
• Healthcare

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