Define: Mechanical Breakdown

How is Mechanical Breakdown defined in a legal contract?

• Mechanical Breakdown means the failure of an engine's electrical system or mechanical parts which requires the engine to be taken out of service. Seen in 20 SEC filings
• Mechanical Breakdown means the inability of a properly maintained component to function as designed by the manufacturer, except as specified within the agreement. A minor loss of fluid is considered normal and does not constitute a Mechanical Breakdown. Seen in 12 SEC filings
• Mechanical Breakdown means the inability of a properly maintained component to function as intended by the manufacturer. Seen in 7 SEC filings
• Mechanical Breakdown means the unexpected failure of a covered component, including oil seals, unless the component has failed due to normal deterioration or negligence. Note - we are not liable for covered components that have reached the end of its working life because of age or usage. Seen in 7 SEC filings
• Mechanical Breakdown means the failure of a covered part of a vehicle due to a defect in the part or poor workmanship by the manufacturer, rendering the part unable to perform its designed function. The breakdown does not include the gradual decrease in performance due to normal wear and usage. When a covered part fails to work within the manufacturers' specifications, a mechanical breakdown is considered to have occurred. Seen in 6 SEC filings
• Mechanical Breakdown means the malfunction or failure of moving or electronic parts, component failure, improper installation, or blowout. Seen in 5 SEC filings
• Mechanical Breakdown means component failure or mechanical malfunction, breakdown, or failure. Seen in 3 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 mechanical breakdown' 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

• Mechanical Breakdown means the failure of a component or part affecting its intended operation, excluding normal wear and tear.

Relevant Contract Types

• Service Agreements
• Lease Agreements
• Product Warranty Agreements
• Maintenance Contracts
• Vendor Contracts
• Construction Contracts

Relevant Circumstances

• Procuring new machinery or equipment
• Establishing maintenance schedules for machinery or equipment
• Negotiating service terms with vendors or service providers
• Determining warranty scope for a product or service

Relevant Sectors

• Manufacturing
• Construction
• Automotive
• Transportation
• Information Technology

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Genie Definition 2

• Mechanical Breakdown means the failure of an engine's electrical or mechanical parts, causing the need for removal from service.

Relevant Contract Types

• Automotive Service Contracts
• Engine Lease Agreements
• Aircraft Purchase Agreements

Relevant Circumstances

• Leasing or purchasing engines
• Contracting engine repair or maintenance services
• Determining scope of an automotive service agreement

Relevant Sectors

• Automotive
• Aviation
• Marine
• Power Generation

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