How is Proprietary Interest defined in a legal contract?
- Proprietary Interest means any form of legal, equitable, or other type of ownership in a business or entity, excluding equity interests of less than [number] percent in publicly held companies. Seen in 64 SEC filings
- Proprietary Interest means either direct or indirect ownership of an equity share in any business other than a publicly-held business where one owns less than [number] percent of any stock class. Seen in 23 SEC filings
- Proprietary Interest means legal or equitable ownership, via stock holdings or otherwise, of a debt or equity interest (including options, warrants, rights, and convertible interests) in a business or entity, excluding ownership of over [number] percent of any equity interest class in a publicly-held company. Seen in 13 SEC filings
- Proprietary Interest means legal or equitable ownership, through stock ownership or otherwise, of an equity share in a business or entity, other than ownership of less than [number] percent of any class of equity interest in a publicly held business or entity. Seen in 12 SEC filings
- Proprietary Interest means legal or equitable ownership, via stock ownership or otherwise, of an equity interest in a business, firm, or entity or ownership of more than one percent of an equity interest class in a publicly-held company. Seen in 10 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.
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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.
Genie Definition 1
Proprietary Interest means any form of ownership, either legal or equitable, in a business or entity.
Relevant Contract Types
- Partnership Agreements
- Joint Venture Agreements
- Asset Purchase Agreements
- Merger and Acquisitions Agreements
Relevant Circumstances
- Mergers and Acquisitions
- Formation of New Partnerships or Joint Ventures
- Asset Sales or Purchase
- Investments or Divestments
Relevant Sectors
Genie Definition 2
Proprietary Interest means having an equity share, either directly or indirectly, excluding those in publicly held entities where the ownership is below a [set percentage].
Relevant Contract Types
Relevant Circumstances
- Equity Investments
- Share Transfers
- Changes in Shareholder Structure
Relevant Sectors
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Proprietary Interest means any form of ownership, either legal or equitable, in a business or entity.
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