How is Long Lead Time defined in a legal contract?
- Long Lead Time means components that require a significant duration for vendor delivery. It states that such components must not be ordered without written authorization from a certain [organization]. Seen in 2 SEC filings.
- Long Lead Time means any period required for materials, parts or components that is greater than the minimum purchase order lead time. Seen in 1 SEC filing
- Long Lead Time means the amount of extended duration or raw material components of a part that a certain [organization] commits to purchase from another [organization]. This duration commitment is shown as a monetary figure in the part detail sheet. Seen in 1 SEC filing.
- Long Lead Time or “LLT” means the material within a contract that has a lead time equal to or greater than fifty-six [number] days. Seen in 1 SEC filing.
- Long Lead Time means certain components such as an application-specific integrated circuit (asic), microcontroller, printed circuit board (PCB) etc with a long delivery period. Seen in 1 SEC filing.
- Long Lead Time means components with a lead time of sixteen [number] weeks or more. Seen in 1 SEC filing.
- Long Lead Time means specific items that are unique and require longer time periods as specified in a certain [appendix]. 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 long lead time' 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
- Long Lead Time means a specific period required to deliver or purchase certain components or materials via a vendor.
Relevant Contract Types
Relevant Circumstances
- When sourcing materials from a vendor
- When establishing timelines for material delivery
- When setting up contracts for component purchasing
Relevant Sectors
Genie Definition 2
- Long Lead Time means the duration equal or over certain [number] of days for a material to be available.
Relevant Contract Types
Relevant Circumstances
- When establishing an agreement for the acquisition of goods or materials
- Determining the availability of goods in distribution contracts
Relevant Sectors
Long Lead Time means a specific period required to deliver or purchase certain components or materials via a vendor
Are you creating, reviewing or negotiating a document?
Genie is the way the world agrees. Know market standards, set your rules, and close deals 70% faster by autotransacting on standard terms while negotiating only what matters.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
.png)
.png)
