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Legal Requirements Definition: 7k Samples | Law Insider Define Legal Requirements. means, with respect to the Property, all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities affecting the Property or any part thereof, or the construction, use, alteration or operation thereof, or any part thereof, whether now or hereafter enacted and in force, and all permits, licenses and authorizations and regulations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instruments, either of record or known to Borrower, at any time in force affecting the Property or any part thereof, including, without limitation, any which may (a) require repairs, modifications or alterations in or to the Property or any part thereof, or (b) in any way limit the use and enjoyment thereof. <dfn>Legal Requirements</dfn> <!-- -->means, <a href=""/clause/with-respect-to"" rel="“noopener noreferrer”" target=""_blank"">with respect to</a> <a href=""/clause/the-property"" rel="“noopener noreferrer”" target=""_blank"">the Property</a>, all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of <a href=""/clause/governmental-authorities"" rel="“noopener noreferrer”" target=""_blank"">Governmental Authorities</a> affecting the Property or any part thereof, or <a href=""/clause/the-construction"" rel="“noopener noreferrer”" target=""_blank"">the construction</a>, use, alteration or operation thereof, or any part thereof, whether now or hereafter enacted and <a href=""/dictionary/in-force"" rel="“noopener noreferrer”" target=""_blank"">in force</a>, and all permits, <a href=""/clause/licenses-and-authorizations"" rel="“noopener noreferrer”" target=""_blank"">licenses and authorizations</a> <a href=""/clause/and-regulations"" rel="“noopener noreferrer”" target=""_blank"">and regulations</a> relating thereto, and all covenants, agreements, restrictions and encumbrances <a href=""/dictionary/contained-in"" rel="“noopener noreferrer”" target=""_blank"">contained in</a> any instruments, either <a href=""/dictionary/of-record"" rel="“noopener noreferrer”" target=""_blank"">of record</a> or known <a href=""/dictionary/to-borrower"" rel="“noopener noreferrer”" target=""_blank"">to Borrower</a>, <a href=""/clause/at-any-time"" rel="“noopener noreferrer”" target=""_blank"">at any time</a> in force affecting the Property or any part thereof, including, <a href=""/clause/without-limitation"" rel="“noopener noreferrer”" target=""_blank"">without limitation</a>, any which may (a) require repairs, modifications or alterations in or to the Property or any part thereof, or (b) in any way limit the <a href=""/clause/use-and-enjoyment"" rel="“noopener noreferrer”" target=""_blank"">use and enjoyment</a> thereof. Based on 991 documents <dfn>Legal Requirements</dfn> <!-- -->means any federal, state, local, municipal, foreign or <a href=""/clause/other-law"" rel="“noopener noreferrer”" target=""_blank"">other law</a>, statute, constitution, principle of <a href=""/clause/common-law"" rel="“noopener noreferrer”" target=""_blank"">common law</a>, resolution, ordinance, code, order, edict, decree, rule, regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put <a href=""/clause/into-effect"" rel="“noopener noreferrer”" target=""_blank"">into effect</a> by or under <a href=""/clause/the-authority"" rel="“noopener noreferrer”" target=""_blank"">the authority</a> of any <a href=""/clause/governmental-entity"" rel="“noopener noreferrer”" target=""_blank"">Governmental Entity</a>. Based on 460 documents <dfn>Legal Requirements</dfn>.<!-- --> <!-- -->All federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions affecting <a href=""/clause/the-lessee"" rel="“noopener noreferrer”" target=""_blank"">the Lessee</a>'s <a href=""/clause/operation-of"" rel="“noopener noreferrer”" target=""_blank"">operation of</a> its business on <a href=""/clause/the-leased-property"" rel="“noopener noreferrer”" target=""_blank"">the Leased Property</a>, along with the Leased Property or <a href=""/clause/the-construction"" rel="“noopener noreferrer”" target=""_blank"">the construction</a>, use or alteration thereof (including, <a href=""/clause/without-limitation"" rel="“noopener noreferrer”" target=""_blank"">without limitation</a>, <a href=""/clause/the-americans-with-disabilities-act"" rel="“noopener noreferrer”" target=""_blank"">the Americans With Disabilities Act</a> and <a href=""/clause/section-504-of-the-rehabilitation-act-of-1973"" rel="“noopener noreferrer”" target=""_blank"">Section 504 of the Rehabilitation Act of 1973</a>) whether now or hereafter enacted and <a href=""/dictionary/in-force"" rel="“noopener noreferrer”" target=""_blank"">in force</a>, including any which may (a) require repairs, modifications, or alterations in or to the Leased Property, or (b) in any way <a href=""/dictionary/adversely-affect"" rel="“noopener noreferrer”" target=""_blank"">adversely affect</a> the <a href=""/clause/use-and-enjoyment"" rel="“noopener noreferrer”" target=""_blank"">use and enjoyment</a> thereof, and all permits, licenses, authorizations <a href=""/clause/and-regulations"" rel="“noopener noreferrer”" target=""_blank"">and regulations</a> relating thereto, and all covenants, agreements, restrictions and encumbrances <a href=""/dictionary/contained-in"" rel="“noopener noreferrer”" target=""_blank"">contained in</a> any instruments, either <a href=""/dictionary/of-record"" rel="“noopener noreferrer”" target=""_blank"">of record</a> or known <a href=""/clause/to-lessee"" rel="“noopener noreferrer”" target=""_blank"">to Lessee</a> (other than encumbrances created <a href=""/clause/by-lessor"" rel="“noopener noreferrer”" target=""_blank"">by Lessor</a> without the <a href=""/clause/consent-of"" rel="“noopener noreferrer”" target=""_blank"">consent of</a> Lessee), <a href=""/clause/at-any-time"" rel="“noopener noreferrer”" target=""_blank"">at any time</a> in force affecting the Leased Property. Based on 195 documents <dfn>Legal Requirements</dfn> <!-- -->means all federal, state, county, municipal and other governmental statutes, laws (including any zoning or <a href=""/clause/subdivision-ordinance"" rel="“noopener noreferrer”" target=""_blank"">subdivision ordinance</a>, <a href=""/clause/the-americans-with-disabilities-act"" rel="“noopener noreferrer”" target=""_blank"">the Americans with Disabilities Act</a>, <a href=""/clause/the-fair-housing-act"" rel="“noopener noreferrer”" target=""_blank"">the Fair Housing Act</a>, as applicable, and any <a href=""/dictionary/applicable-environmental-law"" rel="“noopener noreferrer”" target=""_blank"">applicable Environmental Law</a>), rules, orders, regulations, ordinances, judgments, decrees and injunctions affecting either <a href=""/clause/the-property"" rel="“noopener noreferrer”" target=""_blank"">the Property</a> or <a href=""/clause/the-construction"" rel="“noopener noreferrer”" target=""_blank"">the construction</a>, use or alteration thereof, whether now or hereafter enacted and <a href=""/dictionary/in-force"" rel="“noopener noreferrer”" target=""_blank"">in force</a>, including any which may (i) require repairs, modifications or alterations in or to the Property; (ii) in any way <a href=""/dictionary/adversely-affect"" rel="“noopener noreferrer”" target=""_blank"">adversely affect</a> the <a href=""/clause/use-and-enjoyment"" rel="“noopener noreferrer”" target=""_blank"">use and enjoyment</a> thereof, and all Permits and <a href=""/clause/licenses-and-authorizations"" rel="“noopener noreferrer”" target=""_blank"">Licenses and authorizations</a> <a href=""/clause/and-regulations"" rel="“noopener noreferrer”" target=""_blank"">and regulations</a> relating thereto, and all covenants, agreements, restrictions and encumbrances <a href=""/dictionary/contained-in"" rel="“noopener noreferrer”" target=""_blank"">contained in</a> any instruments, either <a href=""/dictionary/of-record"" rel="“noopener noreferrer”" target=""_blank"">of record</a> or known to ET, <a href=""/clause/at-any-time"" rel="“noopener noreferrer”" target=""_blank"">at any time</a> in force affecting the Property; (iii) <a href=""/clause/require-the"" rel="“noopener noreferrer”" target=""_blank"">require the</a> cleanup or other <a href=""/clause/treatment-of"" rel="“noopener noreferrer”" target=""_blank"">treatment of</a> any <a href=""/clause/hazardous-materials"" rel="“noopener noreferrer”" target=""_blank"">Hazardous Materials</a>; or (iv) impose <a href=""/clause/parking-requirements"" rel="“noopener noreferrer”" target=""_blank"">parking requirements</a>, building <a href=""/clause/setback-lines"" rel="“noopener noreferrer”" target=""_blank"">setback lines</a> or <a href=""/dictionary/other-building"" rel="“noopener noreferrer”" target=""_blank"">other building</a> or <a href=""/clause/operating-requirements"" rel="“noopener noreferrer”" target=""_blank"">operating requirements</a>. Based on 174 documents <dfn>Legal Requirements</dfn> <!-- -->means any federal, state, local, municipal, foreign or <a href=""/clause/other-law"" rel="“noopener noreferrer”" target=""_blank"">other law</a>, statute, constitution, principle of <a href=""/clause/common-law"" rel="“noopener noreferrer”" target=""_blank"">common law</a>, resolution, ordinance, code, edict, decree, rule, regulation, ruling or requirement issues, enacted, adopted, promulgated, implemented or otherwise put <a href=""/clause/into-effect"" rel="“noopener noreferrer”" target=""_blank"">into effect</a> by or under <a href=""/clause/the-authority"" rel="“noopener noreferrer”" target=""_blank"">the authority</a> of any <a href=""/clause/governmental-entity"" rel="“noopener noreferrer”" target=""_blank"">Governmental Entity</a> (as defined below) and (ii) all requirements set forth in <a href=""/clause/applicable-contracts"" rel="“noopener noreferrer”" target=""_blank"">applicable contracts</a>, agreements, and instruments. Based on 124 documents <dfn>Legal Requirements</dfn> <!-- -->means, as to <a href=""/clause/any-person"" rel="“noopener noreferrer”" target=""_blank"">any Person</a>, <a href=""/clause/the-articles-of-incorporation"" rel="“noopener noreferrer”" target=""_blank"">the articles of incorporation</a>, bylaws or other organizational or governing <a href=""/clause/documents-of"" rel="“noopener noreferrer”" target=""_blank"">documents of</a> such Person, and any requirement under a Permit, and any <a href=""/clause/governmental-rule"" rel="“noopener noreferrer”" target=""_blank"">Governmental Rule</a> in <a href=""/dictionary/each-case"" rel="“noopener noreferrer”" target=""_blank"">each case</a> <a href=""/clause/applicable-to"" rel="“noopener noreferrer”" target=""_blank"">applicable to</a> or <a href=""/clause/binding-upon"" rel="“noopener noreferrer”" target=""_blank"">binding upon</a> such Person or any of its properties or to which such Person or any of its property is subject. Based on 117 documents <dfn>Legal Requirements</dfn> <!-- -->means, as to <a href=""/clause/any-person"" rel="“noopener noreferrer”" target=""_blank"">any Person</a>, the Organizational <a href=""/clause/documents-of"" rel="“noopener noreferrer”" target=""_blank"">Documents of</a> such person, and any treaty, law (including the <a href=""/clause/common-law"" rel="“noopener noreferrer”" target=""_blank"">common law</a>), statute, ordinance, code, rule, regulation, guidelines, license, <a href=""/dictionary/permit-requirement"" rel="“noopener noreferrer”" target=""_blank"">permit requirement</a>, judgment, decree, verdict, order, <a href=""/clause/consent-order"" rel="“noopener noreferrer”" target=""_blank"">consent order</a>, <a href=""/clause/consent-decree"" rel="“noopener noreferrer”" target=""_blank"">consent decree</a>, writ, declaration or injunction or <a href=""/clause/determination-of"" rel="“noopener noreferrer”" target=""_blank"">determination of</a> <a href=""/clause/an-arbitrator"" rel="“noopener noreferrer”" target=""_blank"">an arbitrator</a> or a court or other <a href=""/clause/governmental-authority"" rel="“noopener noreferrer”" target=""_blank"">Governmental Authority</a>, and the interpretation or administration thereof, in <a href=""/dictionary/each-case"" rel="“noopener noreferrer”" target=""_blank"">each case</a> <a href=""/clause/applicable-to"" rel="“noopener noreferrer”" target=""_blank"">applicable to</a> or <a href=""/clause/binding-upon"" rel="“noopener noreferrer”" target=""_blank"">binding upon</a> such Person or any of its property or to which such Person or any of its property is subject, in each case whether or not having the <a href=""/clause/force-of-law"" rel="“noopener noreferrer”" target=""_blank"">force of law</a>. Based on 114 documents <dfn>Legal Requirements</dfn> <!-- -->means the requirements of all present and <a href=""/clause/future-laws"" rel="“noopener noreferrer”" target=""_blank"">future Laws</a> (including, <a href=""/clause/without-limitation"" rel="“noopener noreferrer”" target=""_blank"">without limitation</a>, <a href=""/clause/environmental-laws"" rel="“noopener noreferrer”" target=""_blank"">Environmental Laws</a> and Laws <a href=""/dictionary/relating-to"" rel="“noopener noreferrer”" target=""_blank"">relating to</a> accessibility to, usability by, and discrimination against, <a href=""/dictionary/disabled-individuals"" rel="“noopener noreferrer”" target=""_blank"">disabled individuals</a>), all judicial and administrative interpretations thereof, including any <a href=""/clause/judicial-order"" rel="“noopener noreferrer”" target=""_blank"">judicial order</a>, consent, decree or judgment, and all covenants, <a href=""/clause/restrictions-and-conditions"" rel="“noopener noreferrer”" target=""_blank"">restrictions and conditions</a> now or hereafter <a href=""/dictionary/of-record"" rel="“noopener noreferrer”" target=""_blank"">of record</a> which may be applicable <a href=""/clause/to-lessee"" rel="“noopener noreferrer”" target=""_blank"">to Lessee</a> or to any of <a href=""/clause/the-properties"" rel="“noopener noreferrer”" target=""_blank"">the Properties</a>, or to the use, <a href=""/clause/manner-of-use"" rel="“noopener noreferrer”" target=""_blank"">manner of use</a>, occupancy, possession, operation, maintenance, alteration, repair or <a href=""/clause/restoration-of"" rel="“noopener noreferrer”" target=""_blank"">restoration of</a> any of the Properties, even if compliance therewith necessitates <a href=""/clause/structural-changes"" rel="“noopener noreferrer”" target=""_blank"">structural changes</a> or improvements or results in interference with the use or enjoyment of any of the Properties. Based on 105 documents

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.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard '������ý definitions' below, with guidance on which documents and which industry to use for each.

������ý Definition 1

• Legal Requirements means all existing and future regulations, including laws, orders, and judgments affecting assets or operations, enacted or implemented by a governmental authority.

Relevant Contract Types

• Rent and Lease Agreement
• Employment Agreement
• Service Agreement
• Partnership Agreement

Relevant Circumstances

• Establishment of a new business or enterprise
• Hiring of new employees or service providers
• Execution of a lease or rental agreement
• Forming partnerships and joint ventures

Relevant Sectors

• Real Estate
• Human Resources
• Software Services
• Retail

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