��������Ƶ

How is Sole and Absolute Discretion defined in a legal contract?

• Sole and Absolute Discretion means that an agreement permits [party] to act or refrain from acting based on their sole judgement. Seen in 3 SEC filings
• Sole and Absolute Discretion means the uncontrolled, complete, and personal judgement of a [person], which might be exercised without reason. Seen in 2 SEC filings
• Sole and Absolute Discretion means that a [party] given the power to exercise their ""Sole and Absolute Discretion"" can do so for any, or no particular reason. Seen in 2 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.

‍

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.

‍

Genie Definition 1

• Sole and Absolute Discretion means the unwavering, complete decision-making power of a [party], regardless of reason or rationale.

Relevant Contract Types

• Loan Agreements (/contract-generator/loan-agreement)
• Share Purchase Agreements (/contract-generator/share-purchase-agreements)
• Employment Contracts (/contract-generator/employment-contract)
• Nondisclosure Agreements (/contract-generator/non-disclosure-agreement)
• Terms of Service Agreements (/contract-generator/terms-of-service-agreements)

Relevant Circumstances

• Assignment of Duties
• Amendment Clauses
• Breach of Contract Remedies
• Confidentiality Provisions
• Dispute Resolution Process
• Termination of Agreement

Relevant Sectors

• Technology (/industry/technology)
• Manufacturing (/industry/manufacturing)
• Financial services (/industry/financial-services)
• Retail & E-commerce (/industry/retail-e-commerce)
• Energy and Utilities (/industry/energy-and-utilities)
• Healthcare and Pharmaceuticals (/industry/healthcare-and-pharmaceuticals)

‍