How is Inherent Defect defined in a legal contract?
- Inherent Defect means a significant mistake or flaw resulting from a programming error. Seen in 10 SEC filings.
- Inherent Defect means any fault in the structure of a property or within the structural features of a building that is attributable to faulty design, poor workmanship or inferior materials used in its original construction, the deficient oversight of construction, or the defective installation of anything within or on the property, and such flaw existed but would not have been discernible upon review by a competent professional at a specific date. Seen in 3 SEC filings.
- Inherent Defect means a fault or an error in the design, manufacture, or construction of any aircraft or any part of it. Seen in 3 SEC filings.
- Inherent Defect means any flaw in the design of the materials used, inadequate workmanship in the structure or any part of the premises, or any substandard work carried out, given the materials are unfit for purpose, have not been of merchantable quality, or the workmanship was not carried out according to good building practice. Seen in 3 SEC filings.
- Inherent Defect means any fault, flaw, error, or omission in the design, specification, materials, or workmanship of ensured works that existed but remained undiscovered until a later date. Seen in 2 SEC filings.
- Inherent Defect means any flaw in a property or building which is solely or partially attributable to faulty design, inferior workmanship, materials used in, or the oversight or preparation of the property or building's construction. Seen in 2 SEC filings.
- Inherent Defect means any flaw in a building, in anything installed in, on, or attributable to the building. Seen in 2 SEC filings.
- Inherent Defect means a defect in the premises due to a flaw in design, materials, workmanship, or site preparation works which existed but weren't apparent on completion of the premises' construction. 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 inherent defect' yourself to verify these results. We are always keen to point people to source documents.
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
- Inherent Defect means a significant error in design, workmanship, materials, programming or construction, not apparent upon completion.
Relevant Contract Types
- Building and Construction Contract
- Software Development Agreement
- Product Purchase Agreement
- Commercial Lease Agreement
- Manufacturing Agreement
- Property Sale Agreement
Relevant Circumstances
- Construction of real estate properties.
- Development and installation of software applications.
- Manufacturing and sale of physical goods.
- Leasing of commercial properties.
Relevant Sectors
Genie Definition 2
- Inherent Defect means any flaw in a property, building, or installed item, attributable to substandard preparation, design, materials, or workmanship.
Relevant Contract Types
- Real Estate Purchase Agreement
- Residential Lease Agreement
- Property Management Agreement
- Home Improvement Contract
Relevant Circumstances
- Transaction of properties (sale or lease).
- Refurbishment or remodeling of residential homes.
- Management and maintenance of properties.
Relevant Sectors
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Inherent Defect means a significant error in design, workmanship, materials, programming or construction, not apparent upon completion
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