How is Business Personnel defined in a legal contract?
- Business Personnel means any individual who either currently is, or within the past year has been, an employee, consultant or independent professional working for [organization] or any related entity. Seen in 7 SEC filings.
- Business Personnel means the individuals employed by, or serving as independent contractors to [organization]. Seen in 4 SEC Filings.
- Business Personnel means any individual who on the date of this Agreement is employed or serving as a Principal Contractor for [organization], and who remains employed or engaged with [organization] or any subsidiary or affiliate thereof, after closing, or becomes employed or engaged by the Buyer or an affiliate of the Buyer in connection with transactions related to the business. Seen in 4 SEC filings.
- Business Personnel means each employee, independent contractor and leased worker of the Seller prior to the closing whose main responsibilities pertain to the business. Seen in 2 SEC filings.
- Business Personnel means all officers, directors, managers, employees, independent contractors and consultants of or to the Sellers engaged in connection with the business. Seen in 2 SEC filings.
- Business Personnel means those employees and independent contractors of the Seller as specified in [schedule]. 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
- Business Personnel means anyone presently or previously, within a year, employed, consulted or independently engaged by [organization].
Relevant Contract Types:
- Employment Contracts
- Consulting Agreements
- Independent Contractor Agreements
- Mergers and Acquisitions Agreements
- Non-Disclosure Agreements
Relevant Circumstances:
- Hiring or firing associates, employees and professionals in the organisation
- Engaging or terminating consultants and independent contractors
- Changes in company leadership or management
- A merger or an acquisition involving personnel changes
- Reorganization of the company due to downsizing or expansion
Relevant Sectors:
- Human Resources
- Management
- Legal Services
- Consulting Services
- All sectors that have employees, consultants or independent contractors
Genie Definition 2
- Business Personnel means all officers, directors, managers, employees, contractors, and consultants engaged with [organization]'s business activities.
Relevant Contract Types:
- Service Agreements
- Employee Handbooks
- Corporate Bylaws
- Business Purchase Agreements
- Franchise Agreements
Relevant Circumstances:
- Defining the roles and responsibilities of business personnel in legal documents.
- Outlining obligations and setting rules in the operations of a business.
- Drafting terms for franchise, partnerships, collaborations, or joint ventures.
- Business purchase or sale where personnel's duties and position are involved.
- Creating employment and HR policies and guidelines.
Relevant Sectors:
- Corporate Law
- Franchise Businesses
- Human Resources
- All sectors that require a formal guideline for their business personnel's duties and responsibilities.
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