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How is Trading Business defined in a legal contract?

• Trading Business means the routine activities carried out by an entity or a part thereof, related to the sale and purchase of commodities, including but not limited to eligible commodities, and any related derivative transactions. Seen in 21 SEC filings
• Trading Business means activities linked with the purchase and sale of petroleum products, either locally or internationally, for resale to a marketing business. Seen in 16 SEC filings
• Trading Business means the business of buying electricity by the licensee or distributor for resale to another licensee or types of consumers. Seen in 11 SEC filings
• Trading Business means that part of the corporation (or any subsidiary) which engages in the marketing and selling of gas. Seen in 5 SEC filings
• Trading Business means the authorized business of an electricity trader operating in the permitted area under the granted trading license. Seen in 4 SEC filings

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

Trading Business means carrying out routine activities for the purchase, sale, or resale of commodities or energy.

Relevant Contract Types

• Supply Contracts
• Manufacturing and Supply Agreements
• Merger and Acquisition Agreements

Relevant Circumstances

• Businesses engaged in daily trading on commodity or stock markets.
• Manufacturing companies purchasing raw materials for production.
• Retail businesses buying and selling goods.

Relevant Sectors

• Energy
• Retail
• Manufacturing

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Genie Definition 2

Trading Business means operating an authorized business in a specified area permitted by a granted license.

Relevant Contract Types

• Franchise Agreements
• License Agreements
• Operating Agreements

Relevant Circumstances

• Businesses operating within a certain jurisdiction where licensing is required.
• Companies franchising their business model or brand to other companies.
• Businesses that need to operate under specific licenses such as trading, electricity trading, gas trading etc.

Relevant Sectors

• Licensing
• Retail
• Electricity
• Gas

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