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How is Open Drainage defined in a legal contract?

• Open Drainage means drainage systems using open side ditches, tail, lateral, and outfall ditches to transfer surface water towards outfall streams. Seen in 5 SEC filings
• Open Drainage means a natural or manmade trajectory, ditch, or channel that has the dedicated role of transmitting stream water or storm water from a place of higher elevation to a place of lower elevation. Seen in 1 SEC filing

Note: 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.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 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

• Open Drainage means a system, natural or manmade, transmitting surface or stream water from higher to lower elevation using ditches.

Relevant Contract Types

• Public Works Contract
• Infrastructure Development Agreement
• Land Development Agreement

Relevant Circumstances

• Construction of new drainage systems within public infrastructure projects
• Maintenance or upgrade of existing drainage systems in an urban planning context
• Designing and implementing drainage systems within a residential or commercial property development

Relevant Sectors

• Civil engineering and construction
• Public works and infrastructure development
• Property and real estate development

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