How is Reliable source defined in a legal contract?
- Reliable source means a certificate signed by the Chief Executive Officer or Chairman of the Board of [organization], or a [report] filed with SEC, or a public statement from a prominent media outlet. Seen in 12 SEC filings
- Reliable source means a person who provides information that the officer reasonably believes is sufficiently reliable, based on the totality of circumstances. This belief could be based on the person's knowledge base, past indications of truthfulness, and past indicators of reliability. Seen in 10 SEC filings
- Reliable source means a certificate signed by the Chief Executive Officer or Chairman of the Board of [organization], or a [report] filed with SEC, or a public statement published in a widely circulated periodical. Seen in 2 SEC filings
- Reliable source means a source of information commonly used by appraisers in the area of assignment and reasonably relied upon in the ordinary course of business. Seen in 1 SEC filing
- Reliable source means a person, other than the customer or his/her immediate family, whom the local department believes to be truthful. Seen in 1 SEC filing
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
- Reliable source means an officially recognized report or a public statement seen as trustworthy.
Relevant Contract Types
Relevant Circumstances
- Contract validation
- Evidence in contract disputes
- Giving credence to statements within a contract
Relevant Sectors
Genie Definition 2
- Reliable source means someone viewed as truthful, providing information deemed reliable based on the circumstances.
Relevant Contract Types
Relevant Circumstances
- Gathering evidence in litigation
- Fact-checking during dispute resolution
- Verification in contract negotiation
Relevant Sectors
Genie Definition 3
- Reliable source means a source of information typically depended upon in a field, especially by appraisers.
Relevant Contract Types
Relevant Circumstances
- Assuring quality of service
- Informing consultancy practice
- Valuation in asset contracts
Relevant Sectors
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Reliable source means an officially recognized report or a public statement seen as trustworthy.
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