How is Sales Partner defined in a legal contract?
- Sales Partner means any legal entity that is assigned a sublicense to the Patent Rights by [organization], their Affiliates or Sublicensees solely to engage in marketing, promotion, distribution or sales, or any other form of disposal, of Licensed Products in finished form.
Seen in 6 SEC filings
Note: All other definitions included either organizations, companies or agencies and were thus omitted based on the guidance provided.
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
Sales Partner means [Entity granted sublicense to market or distribute Licensed Products].
Relevant Contract Types
Relevant Circumstances
- Business partnerships between a supply chain entity and a sales-oriented business
- Partnering scenarios where a company is licensed to sell patented products on behalf of another
Relevant Sectors
Genie Definition 2
Sales Partner means [Registered entity selling [Name of Organization]'s services].
Relevant Contract Types
Relevant Circumstances
- Partnerships in which a company delegates sales activities to another entity
- Scenarios where an enterprise requires an external entity to sell its services
Relevant Sectors
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Sales Partner means [Entity granted sublicense to market or distribute Licensed Products]
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