How is Component Materials defined in a legal contract?
- Component Materials means materials that can change in shape and form before the assembly of furniture or during its use. This includes textiles, leather, coated fabrics, and polyurethane foams used in upholstery. Any provided timber can also be considered as a component material, though it may be cut and treated later to form a component part. Seen in 5 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
- Component Materials means materials that change in shape or form during furniture assembly or usage, including textiles, leather, coated fabrics, and polyurethane foams.
Relevant Contract Types
Relevant Circumstances
- When producing a physical product that involves the assembly of various materials.
- When the properties of a material change during the production process.
- When negotiating terms of raw material purchase for any manufacturing process.
Relevant Sectors
Genie Definition 2
- Component Materials means provided timber that is cut and treated to become a part of the component.
Relevant Contract Types
Relevant Circumstances
- When involving the manufacturing or construction of wooden products.
- When there's a need for sourcing timber for a project.
- When a partnership involves the use or supply of timber.
Relevant Sectors
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Component Materials means materials that change in shape or form during furniture assembly or usage, including textiles, leather, coated fabrics, and polyurethane foams
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