How is Legal Right defined in a legal contract?
- Legal Right means the authority and right, relating to the Assets, to exercise voting, managerial or other similar authority if any; provided that a Legal Right does not exist with respect to any proposed conduct unless the [seller/organization] reasonably determines that such conduct would not cause a breach, termination, or require any payment under any agreement, applicable law, duty, or any other obligation.
Seen in 18 SEC filings - Legal Right means any ownership interest in or rights sufficient to license or enforce a patent.
Seen in 5 SEC filings - Legal Right means the freedom of use and enjoyment.
Seen in 4 SEC filings - Legal Right means the right to immovable property within the scope of Article [number] of the Constitution.
Seen in 3 SEC filings - Legal Right means the freedom of use and enjoyment generally exercised by owners and occupiers of land.
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 legal right’ 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
- Legal Right means the freedom to use, enjoy and exercise authority over [asset], in compliance with relevant laws.
Relevant Contract Types
Relevant Circumstances
- Sale or lease of property or assets
- Formation of a partnership for business ventures
- Purchase or sale of shares in a corporation
Relevant Sectors
Genie Definition 2
- Legal Right means the ownership interest sufficient to license or enforce a patent.
Relevant Contract Types
Relevant Circumstances
- Licensing or sale of patented technology
- Transfer of intellectual property rights
Relevant Sectors
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Legal Right means the freedom to use, enjoy and exercise authority over [asset], in compliance with relevant laws
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