��������Ƶ

How is Basic needs defined in a legal contract?

• Basic needs means necessities such as shelter, food, and clothing. It also covers the inability to use these necessities, even if available. This term also refers to a family's consistent inability to fulfill these basic necessities on a daily basis. This inability may be a longstanding pattern and problem often associated with a caregiver's inability to be proactive in planning, resourceful, or demonstrate follow-through. Seen in 18 SEC filings
• Basic needs means the essentials required to run a household, including food, housing, transportation, childcare, utilities, health and dental care, taxes, rentals, life insurance, personal expenses, and savings. Seen in 5 SEC filings
• Basic needs means food, shelter, and utilities. Note that food doesn't consist of cigarettes, alcoholic beverages, or pet food (except for a guide dog), but includes personal items and items used to operate a household. Seen in 4 SEC filings
• Basic needs means necessities that must be met for survival, including, shelter, food, water, access to healthcare services, and access to social security. Seen in 2 SEC filings
• Basic needs means the essential material requirements to support well-being, including housing, food, and clothing. Seen in 1 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

Basic needs means the essentials for survival and well-being, encompassing food, shelter, clothing, healthcare, and utilities.

Relevant Contract Types

• Healthcare Provider Agreements
• Employee Welfare Benefit Agreements
• Housing and Rental Agreements
• Food Supplier Contracts

Relevant Circumstances

• Setup of employee benefits in a company
• Terms of a rental or housing agreement
• Contracting with food suppliers or providers

Relevant Sectors

• Healthcare
• Real Estate and Housing
• Food and Beverage

‍

Genie Definition 2

Basic needs means the necessities for maintaining a household, including food, housing, transportation, utilities, healthcare, personal expenses, and essential services.

Relevant Contract Types

• Housing and Rental Agreements
• Utilities Supply Contracts
• Personal Finance Agreements and Loans
• Transportation and Logistics Services Agreements

Relevant Circumstances

• Terms of utility supply contracts
• Personal loans and financing services
• Logistics and transportation services contract

Relevant Sectors

• Real Estate and Housing
• Utilities and Energy
• Finance and Loans
• Transportation and Logistics

‍