How is Plant and Machinery defined in a legal contract?
- Plant and Machinery means electrical and mechanical items, inclusive of electronic components and other essential parts like Boilers, Pressure Vessels and Pressure Pipe Systems. Seen in 11 SEC filings
- Plant and Machinery means apparatus, equipment, and machinery affixed to the ground by foundation or structural support used for the supply of goods or services or both. This definition includes the foundation and structural supports. Seen in 11 SEC filings
- Plant and Machinery means all plant items and machinery, equipment, fittings, installations, apparatus, tools, motor vehicles, and other similar assets, excluding immovable property as deemed by law. This term encompasses assets situated anywhere and owned by [organization]. Seen in 4 SEC filings
- Plant and Machinery means all plant, machinery, and equipment currently or subsequently owned by an [organization], or where an [organization] has a current or future interest. Seen in 4 SEC filings
- Plant and Machinery means plant and machinery/equipment located on-site only. Seen in 2 SEC filings
- Plant and Machinery means in the case of manufacturing units, the industrial plant and machinery erected on-site, which is newly purchased from the open market at an arm's length price. This term excludes relocated, recycled, or refurbished plant and machinery equipment. Seen in 2 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
- Plant and Machinery means both electronic and mechanical equipment, inclusive of integral parts, fixed or mobile and owned by [organization].
Relevant Contract Types
- Asset Purchase Agreement
- Equipment Lease Agreement
- Manufacturing Agreement
- Marketing Services Agreement
Relevant Circumstances
- Asset acquisitions
- Lease of equipment
- Manufacturing operations
- Marketing services involving use of equipment
Relevant Sectors
Genie Definition 2
- Plant and Machinery means all apparatus and machinery on [site] used specifically for manufacturing, excluding immovable property as per [governing law].
Relevant Contract Types
- Manufacturing Agreement
- Software as a Service (SaaS) Agreement
- Asset Purchase Agreement
- Licensing Agreement
Relevant Circumstances
- Construction or acquisition of factory or manufacturing site
- Software or tech services involving use of physical systems
- Acquisition or sale of assets
- Licensing of machinery or equipment
Relevant Sectors
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Plant and Machinery means both electronic and mechanical equipment, inclusive of integral parts, fixed or mobile and owned by [organization]
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