How is Contraband drug defined in a legal contract?
- Contraband drug means a prescription drug that is sold by a purchaser to a wholesaler in contrary with an agreement the buyer is a part of or is under contractual rights that would disallow or ban such sale or resale. Seen in 5 SEC filings
- Contraband drug means a drug that is counterfeit, stolen, mislabeled, obtained by fraud, bought by a non-profit entity for personal use and introduced into commerce in violation of the agreement for that specific drug. Seen in 4 SEC filings
- Contraband drug means a drug that is counterfeit, stolen, mislabeled, obtained through fraudulent means, purchased by a non-profit organization for its own use, placed in circulation in violation of an agreement for that drug, and has wrongly entered the supply chain. It also includes drugs for which no pedigree exists or the existing pedigree has been forged, falsified, artificially created or contains changed, false, or misrepresented information. Seen in 4 SEC filings
- Contraband drug means a drug that is falsely labelled, stolen, acquired dishonestly, purchased by a nonprofit institution for its personal use, and put into commerce in violation of the agreement for the drug, and has inappropriately entered the drug supply chain. Seen in 1 SEC filing
- Contraband drug means a prescribed drug bought under or as resulting from an agreement by the buyer which confirms the drug will only be used for the benefit of its patients, and is later sold by the purchaser to a wholesaler. Seen in 1 SEC filing
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.
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Which definition should you use?
π€ 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
- Contraband drug means a drug, purchased by [Organization], wrongfully sold or placed in commerce, contradicting agreement terms.
Relevant Contract Types
Relevant Circumstances
- Procurement of medicines by healthcare facilities
- Management of supply chains for drug manufacturers
- Compliance checks for pharma companies
Relevant Sectors
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Genie Definition 2
- Contraband drug means a counterfeit, mislabeled or stolen drug, entering the supply chain illicitly or without the required pedigree.
Relevant Contract Types
Relevant Circumstances
- Quality control checks for pharmaceuticals
- Investigating drug theft or forgery cases
- Litigation involving counterfeit medications
Relevant Sectors
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