How is Local Product defined in a legal contract?
- Local Product means any item, including food, other than freight, mail, or a package to which postage has been affixed. Seen in 11 SEC filings
- Local Product means any item, including food, other than freight. Seen in 5 SEC filings
- Local Product means any product grown, harvested, created, produced, assembled. Seen in 1 SEC filing
- Local Product means any tangible personal property, including food, but excluding freight, mail, or a package to which postage has been affixed. 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.
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
- Local Product means any item, not including freight or mail, with or without postage affixed.
Relevant Contract Types
Relevant Circumstances
- Sale or purchase of goods
- Transfer of items within a supply chain
- Commercial lease of properties selling or producing goods
Relevant Sectors
Genie Definition 2
- Local Product means any item grown, harvested, created, produced, or assembled.
Relevant Contract Types
Relevant Circumstances
- Sale or transfer of agricultural products
- Production, assembly, and sale of goods
Relevant Sectors
- Agriculture
- Manufacturing
- Food Production## Genie Definition 1
- Porter Services means the provision of transport and maintenance services within public spaces, involving luggage handling and environmental upkeep.
Relevant Contract Types
Relevant Circumstances
- Engagement of services for luggage transportation
- Engagement of maintenance workers for public spaces
- Contracting of airport personnel for luggage and terminal upkeep
- Hiring of transportation services for passengers
Relevant Sectors
Local Product means any item, not including freight or mail, with or without postage affixed.
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