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How is Sales Transaction defined in a legal contract?

• Sales Transaction means a sale, lease, assignment, or a written or oral transfer of goods, services, or other properties, regardless if they're tangible or intangible. Seen in 5 SEC filings
• Sales Transaction means the use of a Debit Card by the Cardholder to pay for goods and/or services. Seen in 5 SEC filings
• Sales Transaction means a transaction in which a Company sells or otherwise directly or indirectly transfers any of its capital stock or substantial portions of its assets to any Person. Seen in 5 SEC filings
• Sales Transaction means a sale, lease, assignment, or other written or oral transfer or disposition of goods, services, or other property, tangible or intangible (except securities and insurance), to a person or business. Seen in 4 SEC filings
• Sales Transaction means a transaction in which a Consumer who is not a current customer of Carrier purchases and enters in a contract for Wireless Service from Carrier, or a Consumer who is a current customer of Carrier renews or extends his or her contract for a fixed term, or changes Wireless Service rate plans. Seen in 3 SEC filings
• Sales Transaction means an acquisition of the Company by another entity through any series of related transactions (including, but not limited to, reorganization, merger or consolidation) or a sale of all or substantially all of the assets of the Company, as long as the Company’s stockholders of record immediately prior to such merger will, immediately after such merger, hold less than 50% of the voting power of the surviving or acquiring entity. Seen in 3 SEC filings

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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.

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Genie Definition 1

Sales Transaction means the sale, lease, assignment or transfer, either written or oral, of goods, services or property.

Relevant Contract Types

• Bill of Sale
• Purchase Agreement
• Service Agreement

Relevant Circumstances

• Buying or selling physical goods
• Service contracts where a service is being provided
• Leasing of properties or goods

Relevant Sectors

• Retail
• E-commerce
• Real Estate

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Genie Definition 2

Sales Transaction means the use of a payment card to purchase goods or services.

Relevant Contract Types

• Credit Card Agreement
• Debit Card Agreement

Relevant Circumstances

• Buying goods or services online or in-store using a debit or credit card

Relevant Sectors

• E-commerce
• Banking

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Genie Definition 3

Sales Transaction means the transfer or selling of a company's capital stock or major assets.

Relevant Contract Type

• Stock Sale Agreement
• Asset Purchase Agreement

Relevant Circumstances

• Business acquisition or mergers
• Sell-off of company assets

Relevant Sectors

• Corporate Law

Genie Definition 4

Sales Transaction means entering, extending, or altering a service contract by a consumer.

Relevant Contract Types

• Service Contract
• Telecommunication Services Agreement

Relevant Circumstances

• Contracts involving provision of services, such as telecom, IT services, or subscription-based services

Relevant Sectors

• Telecommunications
• Technology Services

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