Affiliate definition: Copy, customize, and use instantly
Introduction
The term "Affiliate" refers to an individual, entity, or organization that has a specific relationship with another entity, often through ownership, control, or common interests. Affiliates are frequently used in contracts to define related parties and clarify rights, responsibilities, and restrictions.
Below are various examples of how "Affiliate" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Affiliate" as an entity under common control
This definition ties "Affiliate" to shared ownership or control.
"Affiliate" means any entity that, directly or indirectly, controls, is controlled by, or is under common control with another entity, where "control" refers to the ownership of more than 50% of the voting stock or equivalent rights.
Definition of "Affiliate" as a subsidiary or parent company
This definition applies "Affiliate" to corporate hierarchies.
"Affiliate" refers to any subsidiary, parent company, or entity in which a party holds a direct or indirect controlling interest.
Definition of "Affiliate" as inclusive of partnerships
This definition ties "Affiliate" to partnership relationships.
"Affiliate" means any entity in a partnership or joint venture with a party, where mutual financial or operational interests exist.
Definition of "Affiliate" as recognized by contractual relationships
This definition applies "Affiliate" to agreements.
"Affiliate" refers to any entity or individual expressly recognized as an affiliate under the terms of a written agreement between the parties.
Definition of "Affiliate" as determined by common ownership
This definition ties "Affiliate" to equity stakes.
"Affiliate" means any entity in which a party owns, directly or indirectly, at least 20% of the equity interests or voting power.
Definition of "Affiliate" as inclusive of immediate family members
This definition applies "Affiliate" to personal relationships.
"Affiliate" refers to any immediate family member of an individual, including spouses, children, parents, and siblings, who have financial or operational ties to the party.
Definition of "Affiliate" as related through franchise agreements
This definition ties "Affiliate" to franchising.
"Affiliate" means any franchisee, franchisor, or entity operating under a shared brand or trade name with a party.
Definition of "Affiliate" as linked by significant influence
This definition applies "Affiliate" to entities with influence but no control.
"Affiliate" refers to any entity over which a party has significant influence, but not control, as defined under applicable accounting or legal standards.
Definition of "Affiliate" as recognized by regulatory authorities
This definition ties "Affiliate" to compliance definitions.
"Affiliate" means any entity or individual classified as such under applicable laws, regulations, or industry standards governing the parties.
Definition of "Affiliate" as applicable to business groups
This definition applies "Affiliate" to corporate conglomerates.
"Affiliate" refers to any entity within the same business group or corporate family as a party, including sister companies and divisions.
Definition of "Affiliate" as connected by shared directors or officers
This definition ties "Affiliate" to management overlaps.
"Affiliate" means any entity that shares one or more directors or officers with a party, indicating a relationship of shared management or oversight.
Definition of "Affiliate" as linked through contractual obligations
This definition applies "Affiliate" to specific agreements.
"Affiliate" refers to any entity that is obligated to a party through contractual arrangements involving joint operations, services, or shared resources.
Definition of "Affiliate" as recognized in merger agreements
This definition ties "Affiliate" to transactional contexts.
"Affiliate" means any entity that becomes related to a party as a result of a merger, acquisition, or other corporate restructuring.
Definition of "Affiliate" as inclusive of licensees and licensors
This definition applies "Affiliate" to intellectual property agreements.
"Affiliate" refers to any entity that licenses or sublicenses intellectual property to or from a party under a common agreement or framework.
Definition of "Affiliate" as defined by common economic interests
This definition ties "Affiliate" to shared financial goals.
"Affiliate" means any entity with a direct or indirect economic interest aligned with a party, including those participating in joint investments or revenue-sharing arrangements.
Definition of "Affiliate" as applicable to trade groups or associations
This definition applies "Affiliate" to industry affiliations.
"Affiliate" refers to any entity that is a member of the same trade group, professional association, or industry network as a party.
Definition of "Affiliate" as linked by shared branding
This definition ties "Affiliate" to brand relationships.
"Affiliate" means any entity operating under the same brand, trade name, or trademark as a party, whether directly or indirectly associated.
Definition of "Affiliate" as including trusts and their beneficiaries
This definition applies "Affiliate" to fiduciary relationships.
"Affiliate" refers to any trust in which a party serves as trustee, settlor, or beneficiary, or where the trust operates in alignment with the party’s interests.
Definition of "Affiliate" as defined by minority shareholding
This definition ties "Affiliate" to partial ownership.
"Affiliate" means any entity in which a party holds a minority ownership interest, typically less than 20%, but exerts influence through other means.
Definition of "Affiliate" as relevant to corporate governance
This definition applies "Affiliate" to governance frameworks.
"Affiliate" refers to any entity participating in shared governance structures with a party, including those governed by interlocking boards or oversight committees.
Definition of "Affiliate" as recognized in joint marketing efforts
This definition ties "Affiliate" to collaborative promotions.
"Affiliate" means any entity that partners with a party in joint marketing, advertising, or promotional campaigns under a shared agreement.
Definition of "Affiliate" as subject to control through voting agreements
This definition applies "Affiliate" to shared voting rights.
"Affiliate" refers to any entity subject to a voting agreement or arrangement that allows a party to influence its decisions or governance.
Definition of "Affiliate" as defined under securities regulations
This definition ties "Affiliate" to financial compliance.
"Affiliate" means any entity or individual classified as an affiliate under applicable securities laws, including those holding significant equity or control interests.
Definition of "Affiliate" as including service providers under exclusivity
This definition applies "Affiliate" to exclusive service agreements.
"Affiliate" refers to any service provider bound to a party through an exclusivity clause, ensuring alignment in operations or offerings.
Definition of "Affiliate" as linked by shared operational resources
This definition ties "Affiliate" to resource-sharing arrangements.
"Affiliate" means any entity sharing operational resources, such as technology, facilities, or personnel, with a party under a common framework.
Definition of "Affiliate" as recognized in cross-licensing agreements
This definition applies "Affiliate" to mutual IP use.
"Affiliate" refers to any entity engaged with a party in a cross-licensing arrangement, allowing mutual use of intellectual property.
Definition of "Affiliate" as applicable to regulatory filings
This definition ties "Affiliate" to compliance reporting.
"Affiliate" means any entity required to be disclosed as such in regulatory filings or compliance reports under applicable laws.
Definition of "Affiliate" as determined by familial ownership ties
This definition applies "Affiliate" to family-operated businesses.
"Affiliate" refers to any entity operated or controlled by family members of a party, with significant overlap in ownership or decision-making.
Definition of "Affiliate" as linked through intercompany loans
This definition ties "Affiliate" to financial arrangements.
"Affiliate" means any entity that receives or extends intercompany loans, advances, or credit lines to or from a party.
Definition of "Affiliate" as including non-profit subsidiaries
This definition applies "Affiliate" to non-profit organizations.
"Affiliate" refers to any non-profit entity that is controlled or significantly influenced by a party, including those created for charitable purposes.
Definition of "Affiliate" as linked through brand licensing
This definition applies "Affiliate" to licensing relationships.
"Affiliate" refers to any entity authorized to use a party’s brand, trademarks, or trade names under a licensing agreement.
Definition of "Affiliate" as inclusive of third-tier subsidiaries
This definition ties "Affiliate" to indirect ownership.
"Affiliate" means any subsidiary of a subsidiary (third-tier or lower) controlled by a party through direct or indirect ownership.
Definition of "Affiliate" as connected through shared business objectives
This definition applies "Affiliate" to strategic alliances.
"Affiliate" refers to any entity aligned with a party’s strategic business objectives through formal or informal collaboration agreements.
Definition of "Affiliate" as linked by reciprocal service agreements
This definition ties "Affiliate" to service exchanges.
"Affiliate" means any entity engaged in reciprocal service agreements with a party, providing mutual operational support.
Definition of "Affiliate" as determined by interlocking directorates
This definition applies "Affiliate" to overlapping board memberships.
"Affiliate" refers to any entity with shared directors or board members with a party, indicating a relationship of oversight or influence.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.