How is 'Reasonably Foreseeable' defined in a legal contract?
- Reasonably Foreseeable means likely to happen or occur. Seen in 7 SEC filings
- Reasonably Foreseeable means likely to occur such that, a person of ordinary prudence would consider it when making a decision. Seen in 5 SEC filings
- Reasonably Foreseeable means circumstances of the relationship between two parties suggest the offender may conduct in a criminal or antisocial manner similar to past conduct. Seen in 2 SEC filings
- Reasonably Foreseeable means an ordinary person could conclude that a threat exists and that harm is likely to occur if action is not taken, based on known facts and circumstances at the time of the decision. 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
Reasonably Foreseeable means a likely occurrence that a prudent person would consider in decision-making.
Relevant Contract Types
- Employment Agreements
- Business Partnership Agreements
- Contractor Agreements
- Non-Disclosure Agreements
- Service Level Agreements
- Supply Agreements
Relevant Circumstances
- When there's a need to evaluate risks and potential occurrences.
- When drafting the liability and indemnification sections of a contract.
- In outlining contingency plans or the force majeure clause.
Relevant Sectors
Genie Definition 2
Reasonably Foreseeable means a predictably arising threat or harm based on present facts and circumstances.
Relevant Contract Types
Relevant Circumstances
- In identifying potential challenges in a product or service agreement.
- When outlining the force majeure clause or termination conditions.
- In assessing potential threats to the health or safety of users in an agreement.
Relevant Sectors
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Reasonably Foreseeable means a likely occurrence that a prudent person would consider in decision-making.
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