Division definition: Copy, customize, and use instantly
Introduction
The term "Division" refers to a part or section of a larger organization, entity, or legal structure. It often represents a distinct unit with specific functions, responsibilities, and administrative oversight. In contracts, the term is typically used to define specific departments, units, or branches within a business or organization, or to refer to the separation of assets, rights, and obligations within a larger corporate structure.
Below are various examples of how "Division" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Division" as a separate organizational unit
This definition ties "Division" to an independent functional unit within an organization.
"Division" means a distinct functional or operational unit within an organization, responsible for specific tasks or services, such as marketing, sales, or finance.
Definition of "Division" as a business unit
This definition connects "Division" to a segment of a business responsible for specific activities.
"Division" refers to a segment or subdivision of a business enterprise, typically responsible for a particular category of goods, services, or geographic region.
Definition of "Division" as a legal division within a corporate structure
This definition links "Division" to a legal entity within a corporate framework.
"Division" means a legally defined part of a company, often created for operational, financial, or tax purposes, but without a separate legal status from the parent company.
Definition of "Division" as a territorial subdivision
This definition applies "Division" to geographic regions.
"Division" refers to a specific geographical area within a larger territory, often used for administrative, political, or regulatory purposes.
Definition of "Division" as a departmental structure
This definition ties "Division" to an internal departmental structure.
"Division" means a unit or department within an organization that has its own management structure and is responsible for particular administrative or operational functions.
Definition of "Division" as a share of assets
This definition applies "Division" to the allocation of assets or ownership.
"Division" refers to the proportional allocation of assets, rights, or responsibilities among stakeholders or members of an organization, often used during mergers, acquisitions, or dissolutions.
Definition of "Division" as an internal restructuring term
This definition connects "Division" to organizational restructuring.
"Division" means the reorganization or segmentation of an organization into smaller, more manageable sections, each with a defined scope of responsibility and oversight.
Definition of "Division" as a collaborative business unit
This definition links "Division" to collaboration between various departments.
"Division" refers to a collaborative unit formed by various business departments working together to achieve a common goal or objective, such as a product development team.
Definition of "Division" as a structural separation in a partnership
This definition ties "Division" to a division of rights and duties within a partnership.
"Division" means the allocation of rights, duties, and responsibilities among the partners in a joint venture or partnership, especially in regard to profit-sharing or decision-making authority.
Definition of "Division" as a restructuring tool during mergers
This definition applies "Division" to the context of mergers and acquisitions.
"Division" refers to a tool used in corporate mergers and acquisitions, where different parts of a company are separated and reorganized to maximize operational efficiency or financial gain.
Definition of "Division" as a division of a joint venture
This definition connects "Division" to a division within a joint venture.
"Division" refers to a separately managed segment of a joint venture, responsible for distinct activities or functions within the broader project or business collaboration.
Definition of "Division" as a subsidiary or branch
This definition links "Division" to a separate entity under the main company.
"Division" means a branch or subsidiary of the parent company, often focused on specific products, markets, or geographic areas, but still operating under the parent company's control.
Definition of "Division" as a division of labor
This definition ties "Division" to the concept of distributing work among team members.
"Division" refers to the delegation or allocation of specific tasks and responsibilities to different individuals or teams within an organization, enhancing efficiency and specialization.
Definition of "Division" as a functional unit in a conglomerate
This definition connects "Division" to the operations of a conglomerate.
"Division" refers to a major operational segment within a conglomerate or large corporation, often reflecting a diverse portfolio of products, services, or industries under the same corporate umbrella.
Definition of "Division" as a corporate segmentation model
This definition ties "Division" to a corporate segmentation strategy.
"Division" means a model used by companies to segment their operations into distinct units, with each division focusing on a particular set of products, services, or markets to improve performance and accountability.
Definition of "Division" as a profit center
This definition links "Division" to the financial aspect of the organization.
"Division" refers to a part of an organization that is responsible for generating revenue and profits, often treated as an independent entity for budgeting, performance analysis, and decision-making purposes.
Definition of "Division" as a joint operating division
This definition applies "Division" to a joint venture or shared operations.
"Division" refers to a business unit established through joint ownership or operation, where multiple parties contribute resources and share risks, rewards, and responsibilities in the division’s activities.
Definition of "Division" as a market segment division
This definition connects "Division" to specific market segmentation.
"Division" means a market segment within an organization’s overall market strategy, responsible for catering to specific customer needs, geographic areas, or product categories.
Definition of "Division" as an asset allocation tool
This definition links "Division" to asset management.
"Division" refers to the process of allocating organizational assets, resources, or responsibilities into separate units or categories based on strategic objectives or financial considerations.
Definition of "Division" as a financial restructuring term
This definition ties "Division" to financial restructuring within a corporation.
"Division" means the restructuring or splitting of a company’s financial operations into distinct units or subunits, often for the purpose of improving financial management, reducing costs, or optimizing resource allocation.
Definition of "Division" as a functional unit within a business
This definition ties "Division" to a functional aspect of an organization.
"Division" refers to a distinct unit within a business, responsible for specific operational tasks such as marketing, finance, or customer service.
Definition of "Division" as a geographic segment of a company
This definition connects "Division" to a geographic region within an organization.
"Division" means a geographical area within an organization, which operates as a separate unit for managing resources, sales, or services within a defined region.
Definition of "Division" as a subsidiary company
This definition links "Division" to a separate subsidiary.
"Division" refers to a subsidiary company under the control of a parent company, with its own management and operations focused on a specific business activity.
Definition of "Division" as a product line
This definition applies "Division" to product or service categories.
"Division" means a product line or service category within a company, each focusing on a particular market or set of offerings.
Definition of "Division" as an operational unit for internal purposes
This definition ties "Division" to internal business operations.
"Division" refers to a part of an organization that operates as a self-contained unit within the company, usually with its own management, resources, and budget.
Definition of "Division" as a corporate restructuring tool
This definition links "Division" to corporate restructuring.
"Division" refers to the process of splitting or reorganizing parts of a company to create separate operational or business units, usually for better performance and focus.
Definition of "Division" as a profit-oriented business unit
This definition ties "Division" to a profit-driven segment of an organization.
"Division" means a business unit within a company that is responsible for generating profits and is evaluated based on its financial performance and contribution to the company.
Definition of "Division" as an entity in a merger
This definition connects "Division" to mergers and acquisitions.
"Division" refers to a portion of a company that is split off or merged during a corporate restructuring or acquisition process, often retaining some degree of independence after the merger.
Definition of "Division" as a legal entity within a larger corporation
This definition links "Division" to a legal distinction within a corporation.
"Division" means a legally recognized segment of a larger corporation, created for organizational, financial, or operational reasons, but without its own independent legal status.
Definition of "Division" as a unit managing a specific function
This definition ties "Division" to specialized functions within an organization.
"Division" refers to a segment of an organization responsible for a specific function, such as IT, operations, or human resources, with distinct processes and leadership.
Definition of "Division" as an administrative unit
This definition applies "Division" to organizational administration.
"Division" means an administrative unit within a company, focused on managing specific business processes, ensuring organizational goals are met efficiently.
Definition of "Division" as a group of related departments
This definition connects "Division" to multiple departments.
"Division" refers to a collective grouping of related departments within a company, often collaborating to achieve shared business objectives or support a particular market segment.
Definition of "Division" as a specific business venture
This definition links "Division" to a specific business venture or project.
"Division" means a distinct business venture or project within a larger corporation, focused on a specific market or product category, with dedicated resources and oversight.
Definition of "Division" as an independent business segment for accounting
This definition ties "Division" to accounting and financial purposes.
"Division" refers to an independent accounting segment within a business, often tracked separately for financial reporting, budgeting, and performance analysis.
Definition of "Division" as a temporary operational unit
This definition connects "Division" to temporary business operations.
"Division" means a temporary operational unit within an organization, set up to carry out specific tasks or projects with a set duration before being integrated back into the main structure.
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.