Insider definition: Copy, customize, and use instantly
Introduction
The term "Insider" refers to an individual or entity with access to non-public, material information about a company or organization due to their position, relationship, or role. It is essential in legal, financial, and corporate governance contexts to identify parties subject to specific disclosure, compliance, or fiduciary requirements.
Below are various examples of how "Insider" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Insider" as a corporate officer or director
This definition ties "Insider" to governance roles.
"Insider" means any officer or director of the company who has access to material, non-public information and is subject to applicable securities laws and reporting requirements.
Definition of "Insider" as a substantial shareholder
This definition connects "Insider" to ownership interests.
"Insider" refers to any individual or entity that owns more than [specified percentage, e.g., 10%] of the company’s voting shares, as defined by applicable securities regulations.
Definition of "Insider" as an affiliate or related party
This definition links "Insider" to affiliations.
"Insider" means any person or entity affiliated with the company, including immediate family members, subsidiaries, or business partners, who has access to confidential information.
Definition of "Insider" as a party with fiduciary duties
This definition applies "Insider" to legal obligations.
"Insider" refers to any person with fiduciary duties to the company, including directors, officers, and key employees, as well as individuals acting on their behalf.
Definition of "Insider" as a party privy to confidential information
This definition ties "Insider" to information access.
"Insider" means any person with access to material, non-public information about the company’s operations, financial performance, or strategic plans due to their role or relationship.
Definition of "Insider" as defined in bankruptcy proceedings
This definition connects "Insider" to insolvency contexts.
"Insider" refers to any person or entity, including relatives, officers, directors, or shareholders, as defined under Section 101(31) of the U.S. Bankruptcy Code, who may influence the debtor’s decisions.
Definition of "Insider" as an employee with privileged access
This definition links "Insider" to employment roles.
"Insider" means any employee who, by virtue of their position, has access to sensitive or proprietary information about the company or its operations.
Definition of "Insider" as a party subject to trading restrictions
This definition applies "Insider" to securities laws.
"Insider" refers to any individual or entity prohibited from trading the company’s securities based on material, non-public information, in compliance with applicable insider trading laws.
Definition of "Insider" as a party to a related-party transaction
This definition ties "Insider" to financial transactions.
"Insider" means any person or entity involved in related-party transactions with the company, including affiliates, controlling shareholders, or family members of key personnel.
Definition of "Insider" as a person with significant influence
This definition connects "Insider" to decision-making authority.
"Insider" refers to any individual or entity with significant influence over the company’s management, policies, or strategic direction due to their role or relationship.
Definition of "Insider" as a key consultant or advisor
This definition links "Insider" to external roles.
"Insider" means any consultant, advisor, or contractor with access to confidential or proprietary information due to their engagement with the company.
Definition of "Insider" as a relative of key personnel
This definition applies "Insider" to familial relationships.
"Insider" refers to immediate family members of the company’s officers, directors, or significant shareholders who may have access to non-public information.
Definition of "Insider" as defined in corporate bylaws
This definition ties "Insider" to organizational governance.
"Insider" means any person or entity identified as such in the company’s bylaws, corporate governance policies, or compliance framework.
Definition of "Insider" as a participant in strategic discussions
This definition connects "Insider" to planning processes.
"Insider" refers to any individual involved in strategic discussions, negotiations, or decisions that grant access to sensitive company information.
Definition of "Insider" as a party under regulatory scrutiny
This definition links "Insider" to compliance oversight.
"Insider" means any individual or entity subject to regulatory reporting or monitoring due to their access to material, non-public information or their influence over corporate affairs.
Definition of "Insider" as a party to confidential corporate actions
This definition ties "Insider" to sensitive corporate activities.
"Insider" means any individual or entity involved in corporate actions, such as mergers, acquisitions, or reorganizations, with access to material, non-public information related to those activities.
Definition of "Insider" as an executor of strategic initiatives
This definition connects "Insider" to operational influence.
"Insider" refers to any person responsible for executing or overseeing strategic initiatives or decisions that provide access to confidential information about the company.
Definition of "Insider" as a non-public investor
This definition links "Insider" to private equity or funding.
"Insider" means any investor who participates in private placements, pre-IPO funding, or other non-public financing rounds and gains access to sensitive company information.
Definition of "Insider" as a regulatory compliance officer
This definition applies "Insider" to compliance roles.
"Insider" refers to any person, such as a compliance officer or legal counsel, tasked with ensuring the company adheres to legal, regulatory, and ethical standards, and who has access to sensitive information.
Definition of "Insider" as a participant in corporate audits
This definition ties "Insider" to financial oversight.
"Insider" means any individual involved in the company’s audit or financial review processes, with access to non-public financial data and audit results.
Definition of "Insider" as a contractor with privileged access
This definition connects "Insider" to external service providers.
"Insider" refers to contractors, vendors, or third-party service providers with access to the company’s proprietary systems, intellectual property, or sensitive data.
Definition of "Insider" as a member of a controlling group
This definition links "Insider" to ownership structures.
"Insider" means any individual or entity that is part of a group controlling the company, either through significant voting power or shareholder agreements.
Definition of "Insider" as a recipient of restricted stock or options
This definition applies "Insider" to equity compensation recipients.
"Insider" refers to any employee, director, or consultant granted restricted stock or stock options, whose trading of such securities is subject to insider trading policies.
Definition of "Insider" as a designated trustee or fiduciary
This definition ties "Insider" to trust management.
"Insider" means any trustee, fiduciary, or representative managing company-related trusts or funds with access to confidential or material information.
Definition of "Insider" as a participant in board committees
This definition connects "Insider" to governance roles.
"Insider" refers to any individual serving on board committees, such as audit, compensation, or governance committees, with access to sensitive corporate information.
Definition of "Insider" as a strategic partner or ally
This definition links "Insider" to collaborative relationships.
"Insider" means any strategic partner, joint venture participant, or ally who has privileged access to non-public information about the company’s operations or strategy.
Definition of "Insider" as a recipient of market-sensitive information
This definition applies "Insider" to market activity.
"Insider" refers to any person who receives market-sensitive information, such as earnings results or merger details, prior to public disclosure.
Definition of "Insider" as a party to restricted communications
This definition ties "Insider" to confidential interactions.
"Insider" means any individual involved in restricted communications regarding material non-public events, such as earnings calls or regulatory filings.
Definition of "Insider" as a contributor to business continuity planning
This definition connects "Insider" to risk management.
"Insider" refers to any person involved in creating or implementing business continuity plans, with access to operational or strategic company information.
Definition of "Insider" as an overseer of proprietary technology
This definition links "Insider" to technological innovation.
"Insider" means any individual responsible for managing, developing, or safeguarding proprietary technology, intellectual property, or trade secrets within the company.
Definition of "Insider" as a member of the founding team
This definition ties "Insider" to the company’s origin.
"Insider" means any member of the founding team who has access to the company’s strategic plans, intellectual property, and financial information due to their involvement in establishing the business.
Definition of "Insider" as a beneficiary of confidential briefings
This definition connects "Insider" to exclusive updates.
"Insider" refers to any individual who participates in confidential briefings or closed-door meetings where material, non-public information is disclosed.
Definition of "Insider" as a participant in succession planning
This definition links "Insider" to leadership transitions.
"Insider" means any person involved in succession planning or executive transitions who has access to confidential organizational and strategic details.
Definition of "Insider" as a participant in intellectual property strategy
This definition applies "Insider" to innovation planning.
"Insider" refers to any individual involved in the planning, protection, or commercialization of the company’s intellectual property, with access to sensitive information.
Definition of "Insider" as a party to government or regulatory relationships
This definition ties "Insider" to external liaisons.
"Insider" means any person responsible for managing relationships with government agencies, regulators, or public officials, with access to information impacting compliance and operations.
Definition of "Insider" as a custodian of employee data
This definition connects "Insider" to human resources.
"Insider" refers to any employee or contractor responsible for managing sensitive employee information, including payroll, benefits, and personal data.
Definition of "Insider" as an advisor on strategic acquisitions
This definition links "Insider" to mergers and acquisitions.
"Insider" means any advisor, consultant, or employee involved in planning or executing strategic acquisitions, with access to confidential transactional information.
Definition of "Insider" as a participant in crisis management planning
This definition applies "Insider" to risk mitigation.
"Insider" refers to any person involved in crisis management planning or implementation, with access to sensitive organizational strategies and risk assessments.
Definition of "Insider" as a stakeholder in major projects
This definition ties "Insider" to large-scale initiatives.
"Insider" means any individual with a vested interest or role in significant company projects, having access to material information about their scope, risks, and execution.
Definition of "Insider" as a representative in investor relations
This definition connects "Insider" to financial communications.
"Insider" refers to any individual responsible for managing communications with shareholders, analysts, or investors, with access to material non-public financial information.
Definition of "Insider" as a participant in product launch strategies
This definition links "Insider" to market initiatives.
"Insider" means any person involved in planning or executing product launches, including marketing strategies, pricing, and distribution plans, with access to sensitive market data.
Definition of "Insider" as an executor of private placement offerings
This definition applies "Insider" to securities issuance.
"Insider" refers to any individual or entity involved in the execution of private placement offerings, with access to non-public details about the securities being issued.
Definition of "Insider" as a party to non-public litigation matters
This definition ties "Insider" to legal proceedings.
"Insider" means any individual or entity with access to confidential information related to ongoing or anticipated litigation involving the company.
Definition of "Insider" as an auditor of internal processes
This definition connects "Insider" to compliance and controls.
"Insider" refers to any person conducting internal audits, compliance reviews, or process evaluations, with access to sensitive operational and financial details.
Definition of "Insider" as a participant in private board discussions
This definition links "Insider" to governance decisions.
"Insider" means any individual attending private board meetings or executive sessions where confidential or strategic matters are discussed.
Definition of "Insider" as a collaborator in joint ventures
This definition ties "Insider" to collaborative business arrangements.
"Insider" means any individual or entity actively involved in a joint venture with the company, having access to material, non-public information about the venture’s operations or finances.
Definition of "Insider" as a party to financial restructuring
This definition connects "Insider" to organizational changes.
"Insider" refers to any individual involved in the company’s financial restructuring, including debt renegotiations, equity adjustments, or recapitalization efforts, with access to confidential financial information.
Definition of "Insider" as a participant in regulatory compliance planning
This definition links "Insider" to legal frameworks.
"Insider" means any person tasked with developing, implementing, or overseeing regulatory compliance programs, with access to sensitive corporate compliance data.
Definition of "Insider" as an influencer in shareholder decisions
This definition applies "Insider" to governance roles.
"Insider" refers to any individual with significant influence over shareholder decisions, including proxy voting, corporate actions, or board elections, who has access to non-public information.
Definition of "Insider" as a stakeholder in intellectual property disputes
This definition ties "Insider" to legal matters.
"Insider" means any individual involved in intellectual property disputes, including patent infringement or trademark litigation, with access to proprietary and sensitive company information.
Definition of "Insider" as a recipient of confidential marketing plans
This definition connects "Insider" to strategic promotions.
"Insider" refers to any person with access to confidential marketing strategies, campaign plans, or customer data critical to the company’s competitive position.
Definition of "Insider" as a contributor to private funding rounds
This definition links "Insider" to investment activities.
"Insider" means any investor, advisor, or participant involved in private funding rounds, such as Series A or B investments, with access to sensitive financial projections or business plans.
Definition of "Insider" as a director of affiliated entities
This definition applies "Insider" to interconnected organizations.
"Insider" refers to any director or officer of an affiliated entity who has access to material, non-public information about the company due to their position.
Definition of "Insider" as a handler of proprietary client data
This definition ties "Insider" to customer information.
"Insider" means any employee, contractor, or vendor responsible for managing proprietary client data, including transaction histories and personal information, under confidentiality obligations.
Definition of "Insider" as a member of external advisory boards
This definition connects "Insider" to external governance roles.
"Insider" refers to any individual serving on an external advisory board with access to the company’s confidential or strategic information for decision-making purposes.
Definition of "Insider" as a contributor to contingency planning
This definition links "Insider" to risk management.
"Insider" means any person involved in developing contingency plans, including those for market disruptions, economic downturns, or operational failures, with access to non-public information.
Definition of "Insider" as an administrator of restricted financial accounts
This definition applies "Insider" to account management.
"Insider" refers to any individual managing restricted financial accounts or escrow arrangements, with access to transactional or account-specific information.
Definition of "Insider" as a negotiator in exclusive contracts
This definition ties "Insider" to special agreements.
"Insider" means any individual involved in negotiating exclusive contracts or partnerships, granting them access to sensitive terms, conditions, or business strategies.
Definition of "Insider" as a party privy to internal investigations
This definition connects "Insider" to corporate compliance.
"Insider" refers to any individual with access to confidential information during the course of internal investigations, audits, or reviews of company practices.
Definition of "Insider" as an observer of strategic alliances
This definition links "Insider" to partnerships.
"Insider" means any individual involved in the formation or oversight of strategic alliances, with access to information regarding the alliance’s goals, operations, or benefits.
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.