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How is Principal Contract defined in a legal contract?

• Principal Contract means the agreement where the selected contractor is responsible for providing certain goods and services to a specified [organization]. Seen in 17 SEC filings
• Principal Contract means the main agreement between the involved parties. Seen in 10 SEC filings
• Principal Contract means a contract which is not traded on a board of trade, and includes leverage contracts and dealer options. Seen in 6 SEC filings
• Principal Contract means the primary written agreement between [organization] and the supplier, concerning the provision of specific goods or services. Seen in 5 SEC filings
• Principal Contract means any contract, written or oral, involving a member from either [organization], that isn't terminable without substantial penalty. The contract has a monetary value exceeding a certain [number] or has a significant cost exceeding a certain [number] to the [organization]. Seen in 3 SEC filings
• Principal Contract means an agreement between [organization] and one or more principal contractors relating to the provision of all or part of the project work in accordance with this agreement and other collateral agreements. Seen in 3 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

• Principal Contract means an agreement where a chosen contractor provides specified goods or services.

Relevant Contract Types

• Goods & Services Agreement
• Consulting Agreement
• Procurement Contract
• Supply Agreement

Relevant Circumstances

• Procurement of goods or services
• Hiring of a contractor for a specific task or project
• Entering a business relationship with a third-party supplier or service provider

Relevant Sectors

• Manufacturing
• Construction
• Professional Services

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Genie Definition 2

• Principal Contract means a non-tradable agreement that includes leverage contracts and dealer options.

Relevant Contract Types

• Derivatives Contract
• Equity Option Agreement

Relevant Circumstances

• Trading of equity or derivative options in the financial services sector
• Dealing with a principle contract that includes financial instruments as part of the agreement

Relevant Sectors

• Financial Services
• Banking

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