Define: Long Lead Time

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.

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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.

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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

• Supply Chain Agreement
• Vendor Agreement
• Manufacturing Agreement

Relevant Circumstances

• When sourcing materials from a vendor
• When establishing timelines for material delivery
• When setting up contracts for component purchasing

Relevant Sectors

• Automotive industry
• Tech industry
• Construction industry

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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

• Procurement Agreement
• Distribution agreement

Relevant Circumstances

• When establishing an agreement for the acquisition of goods or materials
• Determining the availability of goods in distribution contracts

Relevant Sectors

• E-commerce industry
• Retail industry

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