Define: Frequency of Use

How is Frequency of Use defined in a legal contract?

• Frequency of Use means the individual's rate of usage, as recorded by the number of times they use a certain supply daily, weekly, or monthly, depending on appropriateness. This usage rate must be recorded on the [document] in a way that reflects whether a supply is used by the individual on a daily, weekly, or monthly basis. It can also be documented as a range of use rates. For instance, the frequency of use of a supply can be expressed as a range, but large ranges are unacceptable. This Frequency of Use justifies the total quantity of supplies ordered on the [document]. Seen in 2 SEC filings.

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 frequency of use' 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

• Frequency of Use means an individual's recorded usage rate for a certain supply, be it daily, weekly, or monthly. This rate justifies the total quantity of supplies ordered.

Relevant Contract Types

• Supply Agreements
• Product Licensing Agreements
• Service Level Agreements
• Subscription Agreements

Relevant Circumstances

• Monitoring consumption of supplies over a designated period
• Determining quantities for repeat orders
• Calculating subcription charges based on frequency usage
• Licensing royalties

Relevant Sectors

• Manufacturing
• Retail
• Healthcare
• Telecommunications
• Software

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