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How is Direct CoHow is Competitor defined in a legal contract?

• Competitor means an individual or entity that, throughout the duration of the term, directly or indirectly holds ownership in part or whole, or is the licensor or franchisor of a competing brand, irrespective of the amount of hotels owned, licensed, or franchised under the competing brand name. An entity is not considered a competitor if it is a franchisee of a competing brand, manages a competing brand hotel without being the exclusive manager, or owns a minority in a competing brand without having control over the business decisions of the competing brand. Seen in 153 SEC filings
• Competitor means an entity that provides products or services that compete or serve as alternatives to the main products or services provided by the corporation or its affiliates. Seen in 109 SEC filings
• Competitor means an individual, business, or any other entity engaged or has publicly announced its intent to engage in the sale or marketing of any competing product or services. Seen in 80 SEC filings
• Competitor means any entity involved wholly or in part, in competitive services. Seen in 75 SEC filings
• Competitor means any entity which is a direct competitor of Borrower or its Subsidiaries, excluding entities with merely an economic interest in any such direct competitor and not itself such a direct competitor of Borrower or its Subsidiaries. Seen in 67 SEC filings
• Competitor means (i) any Person operating an eligible business and (ii) any affiliate of any person described in (i) excluding any affiliate of such person resulting from common control by a governmental authority or any affiliate of such person under common control with such person not actively involved in the management and/or operations of such person. Seen in 54 SEC filings
• Competitor means any person that is, or intends to engage in, or has been organized for the purpose of engaging in a competing business in the company's market area. Seen in 48 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.

mpetitor defined in a legal contract?

• Direct Competitor means a group, regardless of its organization, that competes in the same business sector. Seen in 40 SEC filings.
• Direct Competitor means an entity or business group that offers or plans to offer products or services that compete significantly with any of the products or services that are manufactured, offered, marketed, or actively developed by a similar business entity. Seen in 37 SEC filings.
• Direct Competitor means any entity in the same market sector selling products in competition with another entity or its affiliates. Seen in 27 SEC filings.
• Direct Competitor means a business or individual providing product or services that are competitive in any respect, without specifically addressing geographic region. Seen in 16 SEC filings.
• Direct Competitor means any business entity engaged in the same or similar line of business, and possibly directly competing with another business entity. Seen in 16 SEC filings.
• Direct Competitor means a business that offers or provides products or services, and that directly competes with similar products or services from another provider. Seen in 13 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.

Genie Definition 1

Competitor means an entity directly or indirectly engaging in similar business activities or offering rival products or services, regardless of business structure.

Relevant Contract Types

• Non-Disclosure Agreements
• Non-Compete Agreements
• Franchise Agreements
• Business Purchase Agreements
• Partnership Agreements

Relevant Circumstances

• Startup business defining its competition
• Companies entering joint ventures
• Businesses developing anti-competition policies

Relevant Sectors

• Technology
• Hospitality
• Retail
• Manufacturing
• Energy

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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.

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Genie Definition 1

• Direct Competitor means an entity or group offering or planning to offer products or services competing with [Your Organization].

Relevant Contract Types

• Non-Compete Agreement
• Confidentiality Agreement
• Distribution Agreement

Relevant Circumstances

• Job termination and exit agreements
• Collaboration or joint venture agreements
• Selling a business or changing ownership

Relevant Sectors

• Manufacturing
• Technology
• Healthcare
• Retail

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Genie Definition 2

• Direct Competitor means a business entity in the same or similar sector, directly competing with another business entity.

Relevant Contract Types

• Business Partnership Agreement
• Licensing Agreement
• Franchise Agreement

Relevant Circumstances

• Mergers and acquisitions
• Licensing or franchising a business
• Establishing a partnership or joint venture

Relevant Sectors

• Retail
• Food & Beverage
• Software and IT services
• Construction

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