How is Suits defined in a legal contract?
- Suits means all claims, actions, suit or proceedings, either civil, criminal or others including appeals, whether they are real or potential while in office or thereafter. The term ""liabilities"" and ""expenses"" includes, but is not limited to, attorneys' fees and expenses, costs, judgments, amounts paid in settlement, fines, penalties and other liabilities. Seen in 8 SEC filings
- Suits means any action, suit, claim, litigation, arbitration or other dispute resolution proceeding or audit or investigation. Seen in 2 SEC filings
- Suits means any legal action, including any proceeding or complaint.
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.
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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.
Genie Definition 1
- Suits means all claims, actions, or proceedings, either civil or criminal, including appeals, regardless of being active or potential.
Relevant Contract Types
Relevant Circumstances
- Labor disputes or lawsuits.
- Legal disagreements related to financial deals.
- Intellectual property disputes.
Relevant Sectors
Genie Definition 2
- Suits means any legal action, claim, dispute resolution proceeding, arbitration, audit or investigation.
Relevant Contract Types
Relevant Circumstances
- Infringements disputes
- Internal audits or investigations
- Real estate disputes
Relevant Sectors
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Suits means all claims, actions, or proceedings, either civil or criminal, including appeals, regardless of being active or potential.
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