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 2
- Family Members means any individual, trust, or entity under direct or indirect control of the designated party or their Immediate Family Members
Relevant Contract Type
Relevant Circumstances
- Corporate Governance
- Stock Purchase
- Business Investments
Relevant Sectors
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Family Members means immediate and extended relations, in-laws, and individuals sharing the participant's household or trusts and entities controlled by the participant
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