Ordinary Course Of Business definition: Copy, customize, and use instantly
Introduction
The term "Ordinary Course Of Business" refers to actions, decisions, and transactions that are consistent with the regular, habitual, and standard practices of an entity or industry. It ensures clarity about what activities fall within the scope of typical business operations and distinguishes them from extraordinary or irregular events.
Below are examples of how "Ordinary Course Of Business" can be defined in various contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Ordinary Course Of Business" in general corporate practice
This definition ties "Ordinary Course Of Business" to regular business operations.
"Ordinary Course Of Business" means the conduct of business operations in a manner consistent with past practices and customary norms within the industry.
Definition of "Ordinary Course Of Business" in financial transactions
This definition connects "Ordinary Course Of Business" to typical financial activities.
"Ordinary Course Of Business" refers to the routine financial transactions and dealings carried out as part of the regular operations of the business.
Definition of "Ordinary Course Of Business" in employment matters
This definition links "Ordinary Course Of Business" to human resource activities.
"Ordinary Course Of Business" means the hiring, training, and management of employees in a manner consistent with established business practices and policies.
Definition of "Ordinary Course Of Business" in supply chain agreements
This definition applies "Ordinary Course Of Business" to supplier relationships.
"Ordinary Course Of Business" refers to the procurement of goods and services from suppliers or vendors on terms consistent with the company’s usual practices.
Definition of "Ordinary Course Of Business" in contractual obligations
This definition ties "Ordinary Course Of Business" to contract performance.
"Ordinary Course Of Business" means the performance of contractual obligations in a manner consistent with the practices ordinarily undertaken to fulfill similar agreements.
Definition of "Ordinary Course Of Business" in regulatory compliance
This definition connects "Ordinary Course Of Business" to adherence to laws and regulations.
"Ordinary Course Of Business" refers to actions taken in compliance with applicable laws, regulations, and industry standards as part of regular operations.
Definition of "Ordinary Course Of Business" in mergers and acquisitions
This definition links "Ordinary Course Of Business" to due diligence during transactions.
"Ordinary Course Of Business" means the day-to-day operations conducted by a company prior to and during the due diligence period for a merger or acquisition.
Definition of "Ordinary Course Of Business" in financial reporting
This definition applies "Ordinary Course Of Business" to accounting practices.
"Ordinary Course Of Business" refers to accounting and financial reporting practices that are consistent with generally accepted accounting principles and company policies.
Definition of "Ordinary Course Of Business" in risk management
This definition ties "Ordinary Course Of Business" to risk control measures.
"Ordinary Course Of Business" means the implementation of standard risk management practices and internal controls as part of regular operations.
Definition of "Ordinary Course Of Business" in intellectual property management
This definition connects "Ordinary Course Of Business" to IP-related activities.
"Ordinary Course Of Business" refers to the development, maintenance, and enforcement of intellectual property rights consistent with customary business practices.
Definition of "Ordinary Course Of Business" in inventory management
This definition ties "Ordinary Course Of Business" to stock handling.
"Ordinary Course Of Business" means the purchasing, storage, and distribution of inventory in accordance with usual business practices.
Definition of "Ordinary Course Of Business" in debt management
This definition connects "Ordinary Course Of Business" to handling financial obligations.
"Ordinary Course Of Business" refers to the payment of debts and management of liabilities as part of regular operations and in accordance with historical practices.
Definition of "Ordinary Course Of Business" in customer relations
This definition links "Ordinary Course Of Business" to client interactions.
"Ordinary Course Of Business" means providing goods and services to customers in a manner consistent with customary business standards and practices.
Definition of "Ordinary Course Of Business" in shareholder activities
This definition applies "Ordinary Course Of Business" to interactions with shareholders.
"Ordinary Course Of Business" refers to the management of shareholder relations, including meetings and communications, consistent with industry norms and the company’s policies.
Definition of "Ordinary Course Of Business" in legal compliance
This definition ties "Ordinary Course Of Business" to adherence to legal requirements.
"Ordinary Course Of Business" means conducting operations in compliance with applicable laws and regulations as part of standard business activities.
Definition of "Ordinary Course Of Business" in loan agreements
This definition connects "Ordinary Course Of Business" to loan transactions.
"Ordinary Course Of Business" refers to borrowing and repaying loans or credit facilities in a manner consistent with standard financial practices.
Definition of "Ordinary Course Of Business" in dispute resolution
This definition links "Ordinary Course Of Business" to handling disputes.
"Ordinary Course Of Business" means addressing disputes and claims in accordance with customary business procedures and industry norms.
Definition of "Ordinary Course Of Business" in marketing and sales
This definition applies "Ordinary Course Of Business" to promotional activities.
"Ordinary Course Of Business" refers to conducting marketing campaigns and sales promotions as part of the company’s regular operations.
Definition of "Ordinary Course Of Business" in insurance management
This definition ties "Ordinary Course Of Business" to maintaining insurance policies.
"Ordinary Course Of Business" means obtaining, maintaining, and renewing insurance coverage consistent with typical business practices.
Definition of "Ordinary Course Of Business" in employee compensation
This definition connects "Ordinary Course Of Business" to payroll activities.
"Ordinary Course Of Business" refers to the payment of wages, salaries, and benefits to employees in accordance with established policies and industry standards.
Definition of "Ordinary Course Of Business" in vendor management
This definition links "Ordinary Course Of Business" to supplier relationships.
"Ordinary Course Of Business" means engaging vendors and suppliers on terms customary to the company’s operations and industry practices.
Definition of "Ordinary Course Of Business" in equipment leasing
This definition applies "Ordinary Course Of Business" to leasing arrangements.
"Ordinary Course Of Business" refers to the acquisition and leasing of equipment necessary for standard business operations.
Definition of "Ordinary Course Of Business" in product development
This definition ties "Ordinary Course Of Business" to creating new products.
"Ordinary Course Of Business" means the research, development, and testing of new products or services as part of regular business activities.
Definition of "Ordinary Course Of Business" in budgeting
This definition connects "Ordinary Course Of Business" to financial planning.
"Ordinary Course Of Business" refers to preparing and managing budgets consistent with historical practices and standard operational needs.
Definition of "Ordinary Course Of Business" in training programs
This definition links "Ordinary Course Of Business" to employee development.
"Ordinary Course Of Business" means the organization and delivery of training programs for employees to enhance skills and support business objectives.
Definition of "Ordinary Course Of Business" in partnership agreements
This definition applies "Ordinary Course Of Business" to business partnerships.
"Ordinary Course Of Business" refers to maintaining relationships with partners and affiliates in a manner consistent with standard business practices.
Definition of "Ordinary Course Of Business" in audits
This definition ties "Ordinary Course Of Business" to auditing activities.
"Ordinary Course Of Business" means the preparation and submission of financial statements and reports for regular internal or external audits.
Definition of "Ordinary Course Of Business" in mergers and acquisitions
This definition connects "Ordinary Course Of Business" to integration activities.
"Ordinary Course Of Business" refers to ongoing operations conducted during the integration of acquired entities into the business.
Definition of "Ordinary Course Of Business" in contract management
This definition links "Ordinary Course Of Business" to handling contracts.
"Ordinary Course Of Business" means negotiating, executing, and enforcing contracts in line with customary practices and established policies.
Definition of "Ordinary Course Of Business" in financial analysis
This definition applies "Ordinary Course Of Business" to data evaluation.
"Ordinary Course Of Business" refers to conducting financial analyses and performance reviews in accordance with standard business practices.
Definition of "Ordinary Course Of Business" in procurement
This definition ties "Ordinary Course Of Business" to purchasing activities.
"Ordinary Course Of Business" means sourcing and acquiring goods or services necessary for operations, in line with customary procurement practices.
Definition of "Ordinary Course Of Business" in technology management
This definition connects "Ordinary Course Of Business" to IT operations.
"Ordinary Course Of Business" refers to the maintenance, upgrade, and use of technology systems required for standard business activities.
Definition of "Ordinary Course Of Business" in customer support
This definition links "Ordinary Course Of Business" to service activities.
"Ordinary Course Of Business" means handling customer inquiries, complaints, and feedback as part of routine operations.
Definition of "Ordinary Course Of Business" in compliance audits
This definition applies "Ordinary Course Of Business" to regulatory reviews.
"Ordinary Course Of Business" refers to submitting documents and undergoing reviews to ensure compliance with applicable regulations as part of regular operations.
Definition of "Ordinary Course Of Business" in cost management
This definition ties "Ordinary Course Of Business" to expense controls.
"Ordinary Course Of Business" means monitoring and managing expenses in accordance with established budgeting and operational practices.
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.