How is Low Priority defined in a legal contract?
- Low Priority means a request for information or software issues that has an acceptable workaround.
Seen in 3 SEC Filings - Low Priority means the presence of a notable problem not yet affecting operations significantly.
Seen in 3 SEC Filings - Low Priority means a problem leading to a minor disruption of business performance, quality, or function.
Seen in 1 SEC Filing - Low Priority means a classification for an incident with minor impact such as trivial printer problems, applications installations, new account creation, or other tasks that can be scheduled at a convenient time without causing user hardship.
Seen in 1 SEC Filing - Low Priority means situations where the potential of a hazard exists, but it does not pose a threat to public health. It could, however, pose an actual or potential threat to the physical properties of water enough to cause an aesthetic nuisance.
Seen in 1 SEC Filing - Low Priority means any priority that is not a high or medium priority. Reasonable commercial efforts will be used to provide a workaround and a lasting solution in the subsequent software release for development.
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 low priority' 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
- Low Priority means a classification for tasks or problems causing minimal disruption and can be scheduled without user hardship.
Relevant Contract Types
Relevant Circumstances
- Implementing new software systems
- Management of IT resources
- Targeted customer service and support responses
Relevant Sectors
Genie Definition 2
- Low Priority means a situation that, while potentially inconvenient, does not pose a significant threat to operations or public health.
Relevant Contract Types
Relevant Circumstances
- Overseeing environmental hazards
- Managing health risks in the workplace
- Structuring crisis response teams
Relevant Sectors
Low Priority means a classification for tasks or problems causing minimal disruption and can be scheduled without user hardship
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