Approval definition: Copy, customize, and use instantly
Introduction
The term "Approval" refers to the formal consent or authorization required in various contractual situations. It is essential to outline when approval is necessary, who grants it, and the scope of what is being approved.
Below are various examples of how "Approval" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Approval" in general terms
This definition ties "Approval" to general contractual consent.
"Approval" means the formal consent or authorization given by the designated authority or party to a specific action, event, or decision in accordance with the terms of this agreement.
Definition of "Approval" for project milestones
This definition connects "Approval" to project milestones.
"Approval" refers to the formal consent required at each stage of the project to ensure compliance with pre-agreed criteria and to authorize progression to the next phase.
Definition of "Approval" in regulatory contexts
This definition links "Approval" to regulatory matters.
"Approval" means the authorization granted by relevant regulatory bodies or authorities, confirming compliance with applicable laws and regulations for a particular action or decision.
Definition of "Approval" in financial transactions
This definition ties "Approval" to financial transactions.
"Approval" refers to the consent provided by the appropriate financial authority to authorize the execution of a financial transaction, including loans, investments, or other financial agreements.
Definition of "Approval" for budgetary decisions
This definition connects "Approval" to budget decisions.
"Approval" means the official consent granted by authorized parties or governing bodies, allowing the allocation and expenditure of funds as detailed in the proposed budget.
Definition of "Approval" in operational matters
This definition links "Approval" to operations.
"Approval" refers to the formal consent given for decisions related to day-to-day operations, ensuring actions are aligned with the organization’s policies and strategic goals.
Definition of "Approval" for marketing materials
This definition ties "Approval" to marketing efforts.
"Approval" means the formal consent required from the appropriate parties before the release or distribution of marketing materials, ensuring compliance with brand guidelines and legal requirements.
Definition of "Approval" for personnel decisions
This definition connects "Approval" to staffing matters.
"Approval" refers to the consent given by the designated authority to hire, promote, or terminate personnel, ensuring decisions are consistent with organizational policies and procedures.
Definition of "Approval" for intellectual property
This definition links "Approval" to intellectual property matters.
"Approval" means the formal consent required to use, license, or assign intellectual property rights, ensuring compliance with the terms of existing agreements and applicable laws.
Definition of "Approval" for capital expenditures
This definition ties "Approval" to capital spending.
"Approval" refers to the authorization granted by the appropriate decision-making body to incur capital expenditures, ensuring that investments are aligned with the organization’s financial goals.
Definition of "Approval" for legal documents
This definition connects "Approval" to legal documentation.
"Approval" means the formal consent given to final drafts of legal documents, such as contracts or agreements, ensuring they meet the necessary legal and regulatory requirements.
Definition of "Approval" for environmental impact assessments
This definition links "Approval" to environmental matters.
"Approval" refers to the consent granted by the relevant authorities after reviewing environmental impact assessments, confirming that proposed actions comply with environmental regulations.
Definition of "Approval" for design work
This definition ties "Approval" to design and creative work.
"Approval" means the formal authorization required from the relevant stakeholders or decision-makers to proceed with the design, ensuring that it aligns with the project requirements and standards.
Definition of "Approval" for mergers and acquisitions
This definition connects "Approval" to M&A transactions.
"Approval" refers to the consent given by the relevant regulatory bodies or stakeholders, allowing the completion of a merger or acquisition transaction, ensuring compliance with applicable laws and terms of the deal.
Definition of "Approval" for lease agreements
This definition links "Approval" to leasing arrangements.
"Approval" means the formal consent required to finalize a lease agreement, confirming that the terms, conditions, and parties involved meet the necessary standards and legal requirements.
Definition of "Approval" for construction projects
This definition ties "Approval" to construction work.
"Approval" refers to the formal authorization granted by the relevant authority to commence construction, confirming compliance with building codes, permits, and safety regulations.
Definition of "Approval" for software development
This definition connects "Approval" to technology projects.
"Approval" means the consent required from the designated authority to move forward with the development or release of software, ensuring the product meets the necessary technical and operational standards.
Definition of "Approval" for product launches
This definition links "Approval" to product release.
"Approval" refers to the formal consent required to launch a new product or service, ensuring that it meets organizational standards, market readiness, and regulatory compliance.
Definition of "Approval" for credit extensions
This definition ties "Approval" to credit terms.
"Approval" means the formal authorization provided by the relevant financial institution to extend credit, ensuring the terms and conditions are acceptable to both parties.
Definition of "Approval" for scientific research
This definition connects "Approval" to research activities.
"Approval" refers to the consent given by the designated scientific or regulatory body to conduct research, ensuring compliance with ethical, legal, and safety standards.
Definition of "Approval" for strategic plans
This definition links "Approval" to planning efforts.
"Approval" means the formal consent required to implement a strategic plan, ensuring that the objectives, methods, and expected outcomes align with organizational goals.
Definition of "Approval" for product specifications
This definition ties "Approval" to product development.
"Approval" refers to the formal consent given to product specifications, confirming that they meet the necessary requirements and expectations before proceeding to production.
Definition of "Approval" for tax filings
This definition connects "Approval" to tax-related matters.
"Approval" means the authorization granted by tax authorities after reviewing tax filings, confirming that the submissions are accurate and compliant with relevant tax laws.
Definition of "Approval" for corporate governance
This definition links "Approval" to corporate structures.
"Approval" refers to the consent required from the board of directors or relevant governance body to proceed with significant corporate decisions, ensuring compliance with governance policies.
Definition of "Approval" for insurance policies
This definition ties "Approval" to insurance matters.
"Approval" means the formal consent given to finalize insurance policy terms, confirming the coverage, premiums, and terms are acceptable to both parties.
Definition of "Approval" for shareholder meetings
This definition connects "Approval" to shareholder matters.
"Approval" refers to the consent given by shareholders during meetings to authorize decisions related to corporate actions, financial matters, or governance changes.
Definition of "Approval" for safety standards
This definition links "Approval" to safety compliance.
"Approval" means the formal consent required to ensure that safety standards have been met, allowing the continuation of activities or operations that comply with safety regulations.
Definition of "Approval" for international transactions
This definition ties "Approval" to cross-border dealings.
"Approval" refers to the consent required from relevant regulatory authorities to authorize international transactions, ensuring compliance with global legal and financial standards.
Definition of "Approval" for capital markets
This definition connects "Approval" to market activities.
"Approval" means the authorization granted by regulatory authorities to facilitate the issuance, sale, or trade of financial instruments in capital markets, ensuring compliance with market regulations.
Definition of "Approval" for environmental permits
This definition links "Approval" to environmental compliance.
"Approval" refers to the consent granted by environmental authorities after reviewing permit applications, ensuring that the project or activity complies with environmental laws and regulations.
Definition of "Approval" for acquisitions
This definition ties "Approval" to acquisition decisions.
"Approval" means the consent required from relevant stakeholders or governing bodies to authorize an acquisition, ensuring the terms are in line with legal and strategic considerations.
Definition of "Approval" for financial audits
This definition connects "Approval" to audit processes.
"Approval" refers to the formal consent provided by auditors or financial authorities after reviewing financial statements, confirming their accuracy and compliance with accounting standards.
Definition of "Approval" for supplier contracts
This definition links "Approval" to procurement matters.
"Approval" means the consent required from the relevant party to finalize supplier contracts, confirming the terms and conditions are acceptable and align with organizational needs.
Definition of "Approval" for legal settlements
This definition ties "Approval" to dispute resolution.
"Approval" refers to the formal consent required to finalize a legal settlement agreement, confirming that the terms of the settlement are acceptable to all parties involved.
Definition of "Approval" for public statements
This definition connects "Approval" to communications.
"Approval" means the formal consent required to issue a public statement, ensuring that the message is accurate, authorized, and complies with relevant organizational guidelines.
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.