How is Future Goods defined in a legal contract?
- Future Goods means goods that will be manufactured or obtained by a seller after a sales contract has been formed. Seen in 89 SEC filings.
- Future Goods means goods to be manufactured or acquired by the Seller after the execution of the sales contract. A prospective sale of any future goods or any involvement therein operates as a sale contract. Seen in 2 SEC filings.
- Future Goods means goods which will be manufactured or obtained by a seller after a sale contract is concluded. The terms “goods” cover all personal chattels other than money. Seen in 1 SEC filing.
- Future Goods means goods that will be manufactured or obtained by the seller following the forming of the sales contract. Seen in 1 SEC filing.
- Future Goods means goods to be manufactured or acquired by the seller after the contract of sale has been formed. Goods in the sale contract can either be existing goods, owned or possessed by the seller, or future goods. 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 future goods' 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.
Genie Definition 1
Future Goods means goods to be created or obtained by the seller after a sales contract is formed.
Relevant Contract Type
Relevant Circumstances
- New production line establishment
- Goods not yet in stock or production
- Contractual agreement with a producer or manufacturer
Relevant Sectors
Genie Definition 2
Future Goods mean existing goods or goods not yet obtained at the time of forming a sales contract.
Relevant Contract Type
Relevant Circumstances
- Pre-order situations
- Leasing of goods not yet procured
- Agreements on future delivery
Relevant Sectors
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Future Goods means goods to be created or obtained by the seller after a sales contract is formed.
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