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How is Industrial Property defined in a legal contract?

• Industrial Property means property utilized for activities such as construction, trading, manufacturing, producing, assembling, and processing products, using significant amount of capital and labour. This term also refers to any office or accommodations on the same property, provided that their use is related to the aforementioned activities. Seen in 117 SEC filings
• Industrial Property means property employed in trade or manufacturing sectors, for production, assembly, or processing of finished or partially finished goods from raw materials or fabricated parts. Notably, significant amounts of capital and labour are involved in these processes. Seen in 37 SEC filings
• Industrial Property means a combination of land, buildings, structures, and other real estate, along with machinery, equipment, furniture, and fixtures, which form an integrated unit. This unit, either completed or under construction, primarily engages in high-technology activities, manufacturing of goods, or other forms of industrial processes. Seen in 33 SEC filings
• Industrial Property means a property that is used for manufacturing, processing, warehousing, or retail purposes. Seen in 19 SEC filings
• Industrial Property means real estate that is used primarily for service center, light industrial or bulk warehouse purposes. However, heavy manufacturing facilities are not included in this definition. Seen in 15 SEC filings
• Industrial Property means intellectual property applicable to sectors like industrial, handicrafts, agriculture, fisheries, commerce, and services. Seen in 12 SEC filings
• Industrial Property means patents, utility model certificates, industrial designs, and trademarks, including certification trademarks and collective trademarks. Seen in 10 SEC filings

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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

• Industrial Property means property used for production, trade, construction, or manufacturing involving significant capital and labor.

Relevant Contract Types

• Commercial Real Estate Lease Agreement
• Property Purchase Agreement
• Manufacturing Agreement

Relevant Circumstances

• Purchase or leasing of property for industrial purposes
• Establishing a manufacturing plant or facility
• Planning a large-scale construction project

Relevant Sectors

• Manufacturing
• Construction
• Warehousing and Logistics

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Genie Definition 2

• Industrial Property means Real estate primarily used for light industrial or warehousing purposes.

Relevant Contract Types

• Commercial Lease Agreement
• Sublease Agreement

Relevant Circumstances

• Renting a warehouse or light industrial facility
• Subleasing a portion of industrial property
• Negotiating terms for a lease renewal

Relevant Sectors

• Commercial Real Estate
• Supply Chain & Logistics

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Genie Definition 3

• Industrial Property means Intellectual Property within sectors like industrial, commercial, handicrafts, services, agriculture or fisheries.

Relevant Contract Types

• Intellectual Property Agreement
• Patent License Agreement
• Non disclosure Agreement

Relevant Circumstances

• Licensing of patents or trademarks
• Acquisition or sale of industrial intellectual property
• Establishing a nondisclosure agreement involving proprietary industrial information

Relevant Sectors

• Technology
• Agriculture
• Manufacturing

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