How is Factory Sealed defined in a legal contract?
- Factory Sealed means an item in a closed, sealed or packaged container such as a bottle or can, or a sealed and tamper-proof labeled container of beverage. Seen in 5 SEC Filings
- Factory Sealed means a condition in which a package or container is 100% resalable, all manufacturing seals intact. Seen in 4 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
- Factory Sealed means a closed, sealed or packaged item, in ready-for-sale condition with all seals intact.
Relevant Contract Types
- Purchase Agreements
- Distribution Agreements
- Supply Agreements
- Sale of Goods Agreements
- Licensing Agreements
Relevant Circumstances
- Buying and selling physical goods
- Distribution of products
- Licensing of goods with specific quality requirements
- Business transactions where product integrity is crucial
Relevant Sectors
Factory Sealed means a closed, sealed or packaged item, in ready-for-sale condition with all seals intact.
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