Define: Theory of Liability

How is Theory of Liability defined in a legal contract?

• Theory of Liability means any claim, obligation, liability, cause of action, or proceeding that may be based upon, in respect of, arise under, be connected with, or relate in any manner to a legal agreement or any document referenced therein. This can encompass negotiation, execution, performance, termination or breach of said agreement or any other relevant document. The term also includes any representation or warranty made in connection with the agreement. Notwithstanding the nature of the agreement (intentional, willful, negligent or otherwise), it can include theories of equity, control, and undercapitalization among others.
  Seen in 5 SEC filings
• Theory of Liability shall have the meaning defined and provided in a certain section or clause within the legal agreement.
  Seen in 2 SEC filings
• Theory of Liability has the meaning as set forth in a certain section or clause within the legal agreement.
  Seen in 1 SEC filing
• Theory of Liability means any claims, obligations, liabilities, causes of action, or proceedings that may be based upon, in respect of, arise under, be connected with, or relate in any manner to this Agreement or any other Transaction Documents. This can encompass negotiation, execution, performance, termination or breach of this Agreement or any other Transaction Document, including any representation or warranty made in, in connection with, or as an inducement to enter into, the agreement and even includes theories of equity, control, etc.
  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 theory of liability’ 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

Theory of Liability means a claim, obligation or action related to, resulting from, or connected with a given legal agreement or associated documents.

Relevant Contract Types

• Partnership Agreements
• Employment Contracts
• Consulting Agreements
• Sales Contracts

Relevant Circumstances

• Disputes over contract performance
• Breaches of Terms and Conditions
• Discussions related to risk and liability management

Relevant Sectors

• Information Technology
• Automotive
• Healthcare
• Real Estate

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Genie Definition 2

Theory of Liability means the specified meaning in the relevant [clause] of a legal agreement.

Relevant Contract Types

• Terms and Conditions Agreement
• Non-Disclosure Agreement
• License Agreement
• Indemnity Agreement

Relevant Circumstances

• Understanding of specific liability clauses in a contract
• Evaluating potential risks in pact fulfillment

Relevant Sectors

• E-commerce
• Technology Transfer
• Intellectual Property
• Insurance

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