Define: Prospective Client

How is Prospective Client defined in a legal contract?

• Prospective Client means an entity that the [organization], or any of its Subsidiaries, interacted with by providing or receiving a proposal, bid, or written inquiry (excluding general advertising or promotional materials and mass mailings) and the Participant had contact with, or had access to Confidential Information, during the last [number] months of their employment. Seen in 48 SEC filings.
• Prospective Client means any client for which the [organization] was in active business discussions or negotiations at any time during any part of your employment with the [organization], or after the termination of your employment, during any part of the 24 months preceding the termination of your employment with the [organization], in which you participated or for which you directly performed services or had Confidential Information as a result of your employment with the [organization]. Seen in 39 SEC filings.
• Prospective Client means any individual or enterprise who is not a Client but with whom the [organization] was in active business discussions or negotiations at any time during either the date the Employee engages in an act described in [clause] or the 12-month period preceding the termination of the Employee’s employment with the [organization] for any reason and in each case whose identity became known to the Employee in connection with the Employee’s relationship with or employment by the [organization]. Seen in 28 SEC filings.
• Prospective Client means any person, firm, or corporation with whom the [organization], its Affiliates and/or their predecessors had any negotiations or discussions regarding the possible performance of services by the [organization] or any of its Affiliates within the [number] months before the Participant’s termination of employment. Seen in 24 SEC filings.
• Prospective Client means any person, firm, company, or organization engaged in substantive negotiations with the [organization] in the 12-month period up to the date your employment terminates for the supply of services by the [organization]. Seen in 17 SEC filings.

Please note, the [organization] mentioned in these definitions is a placeholder and needs to be replaced with the appropriate organizational names while finalizing the contract.

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 prospective client' 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

Prospective Client means any individual or corporation engaged in substantive discussions or negotiations with the signatory, concerning potential services, during the prior [number] months.

Relevant Contract Types

• Non-Disclosure Agreement
• Business Services Agreement
• Employment Contract
• Consulting Agreement
• Software as a Service Agreement

Relevant Circumstances

• When engaging in discussions or negotiations for providing services.
• When there is a potential for revealing confidential or proprietary information.
• When establishing the beginning of a business relationship.

Relevant Sectors

• Software Development
• Consulting
• Marketing and Advertising
• Healthcare
• Real Estate

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Genie Definition 2

Prospective Client means any entity in active business negotiations or discussions with [organization], who had contact or access to Confidential Information during the last [number] months of employment.

Relevant Contract Types

• Non-Disclosure Agreement
• Consulting Agreement
• Independent Contractor Agreement
• Employment Contract
• Sales and Marketing Agreement

Relevant Circumstances

• When defining non-compete or non-solicitation clauses in an employment contract.
• When dealing with proprietary or confidential information.
• During contract termination and outlining post-termination restrictions.

Relevant Sectors

• Professional Services
• Information Technology
• Consulting
• Marketing
• Finance

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