How is Preliminary Approval defined in a legal contract?
- Preliminary Approval means the initial approval given by the court for a settlement. Seen in 37 SEC filings
- Preliminary Approval means the initial order by the court approving the settlement. Seen in 35 SEC filings
- Preliminary Approval means the conditions set by an authority which grant final approval upon the satisfaction by a particular entity. Seen in 34 SEC filings
- Preliminary Approval means the court's preliminary approval of a certain settlement agreement, including the approval of the form and manner of notification. Seen in 32 SEC filings
- Preliminary Approval means the court's preliminary approval of the agreement, verification of the settlement class for settlement purposes, and the approval of the form and manner of notification. Seen in 21 SEC filings
- Preliminary Approval means the court's initial approval of the terms and conditions of the agreement, including the mode and content of notice to the settlement class members. Seen in 18 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
Preliminary Approval means the first approval of [proposed settlement] by [court or authority].
Relevant Contract Types
Relevant Circumstances
- When agreeing to a settlement to minimize litigation risk
- When settling disputes in a class-action lawsuit
- When merging two entities or organizations, requiring court approval
Relevant Sectors
Genie Definition 2
Preliminary Approval means validation of [settlement agreement] conditions, including form and [notification method], by [court or authority].
Relevant Contract Types
Relevant Circumstances
- When a legal agreement is conditioned upon court approval
- When certifying a class for settlement purposes in a class-action lawsuit
- When court approval is needed for the terms of a merger agreement
Relevant Sectors
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Preliminary Approval means the first approval of [proposed settlement] by [court or authority]
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