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How is Perishable products defined in a legal contract?

• Perishable products means products that are prone to lose their value or deteriorate quickly, encompassing but not limited to agricultural or seafood products and [material]. Seen in 3 SEC filings
• Perishable products means Products that, due to their inherent qualities, need to be utilized within a concise and specific time frame post [delivery]. It is understood from the [description] where it exists or commonly perceived by users of such Products. Whether a product is categorized as Perishable or not is solely at the [party]'s discretion. 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.

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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

• Perishable products means items with inherent qualities that require use within a concise time frame due to quick value loss or deterioration.

Relevant Contract Types

• Supply Agreement
• Purchase Order
• Distribution Agreement
• Food Service Contract

Relevant Circumstances

• The sale and purchase of short shelf-life products
• Agreement for distribution of products subject to spoilage
• Service contracts related to food handling and storage
• Supply of agricultural or seafood products prone to decay

Relevant Sectors

• Agriculture
• Food and Beverage
• Retail
• Hospitality and catering

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