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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
- In transit means the stage during transfer or shipment of goods or money from one location to another, including temporary stops or delays.
Relevant Contract Types
- Sale of Goods Agreement
- Supply Agreement
- Transportation Service Agreement
- International Trade Contracts
Relevant Circumstances
- Intermediary shipment stops
- Temporary delays in shipment
- Transportation of goods or money
Relevant Sectors
Genie Definition 2
- In transit means in international trade, goods or products being temporarily held in a location en route to their final destination.
Relevant Contract Types
Relevant Circumstances
- International trade of goods
- Temporary holding of goods in a location
Relevant Sectors
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In transit means the stage during transfer or shipment of goods or money from one location to another, including temporary stops or delays.
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