How is Tangible Benefits defined in a legal contract?
- Tangible Benefits means any environmental or economic enhancements attributable to the creation, operation and upkeep of a certain type of development. This can include, but is not limited to, tax payments caused by the development, other contributions to the hosting community, construction-related employment opportunities, and local materials procurement. Seen in 1 SEC filing
- Tangible Benefits means advantages which translate directly into quantifiable savings in terms of financial value, for instance, expenditure reduction or work hours saved. Seen in 1 SEC filing
- Tangible Benefits means gains or savings that can be quantified in monetary terms measurable to the government. Seen in 1 SEC filing
- Tangible Benefits means environmental or economic upgrades as a result of the construction, operation, and maintenance of a certain kind of development, it may include but is not limited to benefits such as construction-related employment opportunities, local materials procurement, operations and maintenance employment, reduced property taxes, electrical rate reductions, natural resource conservation, and the performance of construction, operations, and maintenance activities by skilled, competent, and licensed workers. Seen in 1 SEC filing
- Tangible Benefits means benefits or savings to the Government that can be measured in monetary terms. 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
Tangible Benefits means quantifiable environmental, economic enhancements, or financial savings, directly linked to an operational [project].
Relevant Contract Type
Relevant Circumstances
- Environmental Impact Assessments
- Cost Benefit Analysis
- Funding proposals
- Project feasibility studies
Relevant Sectors
Genie Definition 2
Tangible Benefits means measurable increases in job opportunities, community contributions, tax reductions, and [project]-linked enhancements.
Relevant Contract Type
Relevant Circumstances
- Local development initiatives
- Expansion or renovation projects
- Public community improvement projects
- Corporate social responsibility initiatives
Relevant Sectors
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Tangible Benefits means quantifiable environmental, economic enhancements, or financial savings, directly linked to an operational [project].
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