Parent definition: Copy, customize, and use instantly
Introduction
The term "Parent" refers to an entity or individual that controls or owns another entity, typically referred to as a "subsidiary." In legal agreements, it is important to clearly define the relationship between the parent and subsidiary, especially in contexts related to governance, ownership, and liabilities.
Below are various examples of how "Parent" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Parent" as an entity controlling another entity
This definition ties "Parent" to its role as a controlling entity in a corporate structure.
"Parent" refers to any corporation or entity that owns a controlling interest in another corporation, known as a subsidiary, and has the ability to direct or influence its policies or actions.
Definition of "Parent" as the ultimate shareholder
This definition connects "Parent" to its status as the ultimate shareholder in a corporate hierarchy.
"Parent" means an individual or entity that holds the majority of shares or voting power in a corporation, granting it the authority to control decisions made by its subsidiaries.
Definition of "Parent" as a corporate group leader
This definition links "Parent" to its role as the leader of a corporate group or conglomerate.
"Parent" refers to the leading entity in a corporate group that oversees, manages, and controls a collection of subsidiary companies under its corporate umbrella.
Definition of "Parent" as an entity with the right to appoint directors
This definition applies "Parent" to its ability to influence corporate governance through the appointment of directors.
"Parent" refers to an entity with the right to appoint or remove directors of a subsidiary company, exerting influence over its corporate governance and strategic direction.
Definition of "Parent" as a controlling party in a merger or acquisition
This definition ties "Parent" to its role in a merger or acquisition scenario where it controls the acquired entity.
"Parent" means the acquiring entity in a merger or acquisition, which assumes control of the target company and its assets, rights, and obligations.
Definition of "Parent" as a parent company under securities regulations
This definition connects "Parent" to its legal role under securities and corporate regulations.
"Parent" refers to a company that holds a controlling stake in another company, often subject to specific securities regulations, such as disclosure requirements or consolidated financial reporting.
Definition of "Parent" as an entity in joint ventures
This definition ties "Parent" to its role in joint ventures and strategic partnerships.
"Parent" refers to any company that is a participant or shareholder in a joint venture, contributing capital or expertise while maintaining control or influence over the project's operations.
Definition of "Parent" as the ultimate owner of intellectual property
This definition links "Parent" to its ownership of intellectual property rights within a corporate structure.
"Parent" refers to the entity that owns or controls intellectual property rights, including patents, trademarks, and copyrights, which may be shared with or licensed to its subsidiaries.
Definition of "Parent" as the head of a consolidated group for tax purposes
This definition applies "Parent" to its status as the central entity in a consolidated tax group.
"Parent" means the central entity in a tax-consolidated group, which is responsible for reporting and managing the tax obligations of its subsidiary companies under applicable tax laws.
Definition of "Parent" as the governing entity in a parent-subsidiary relationship
This definition connects "Parent" to its governing function in the relationship with its subsidiaries.
"Parent" refers to the entity that governs, controls, or influences the business operations and policies of its subsidiary companies, often through majority voting power or ownership interest.
Definition of "Parent" as an entity with obligations to its subsidiaries
This definition ties "Parent" to its financial or legal obligations to subsidiaries.
"Parent" refers to an entity that has financial or legal obligations to its subsidiaries, including guarantees, indemnifications, or direct investments, to support their operations or financial stability.
Definition of "Parent" as the controlling entity in an investment group
This definition connects "Parent" to its role in controlling investment groups or funds.
"Parent" refers to the principal entity in an investment group, venture capital fund, or private equity firm that holds controlling interests in a portfolio of investments or subsidiary companies.
Definition of "Parent" as the entity with corporate governance responsibilities
This definition links "Parent" to its duties in overseeing corporate governance across its subsidiaries.
"Parent" refers to the entity responsible for ensuring compliance with corporate governance standards and overseeing the operational performance of its subsidiaries.
Definition of "Parent" as the owner of a multinational corporation
This definition applies "Parent" to its role in a multinational organization.
"Parent" refers to the company at the top of a multinational corporate structure, owning and controlling subsidiaries in multiple countries or regions.
Definition of "Parent" as a sole or majority shareholder in a startup
This definition ties "Parent" to its role in startup companies or new ventures.
"Parent" refers to the entity that is the sole or majority shareholder in a startup company, providing initial capital and strategic direction during the early stages of development.
Definition of "Parent" as the controlling entity in a holding company
This definition ties "Parent" to its role in controlling a group of subsidiary companies through a holding company structure.
"Parent" means the entity that holds a controlling interest in a holding company, which in turn holds shares or interests in one or more subsidiary companies.
Definition of "Parent" as a beneficial owner
This definition links "Parent" to its role as the beneficial owner of subsidiary companies or assets.
"Parent" refers to the beneficial owner of the assets or shares in a subsidiary company, holding the ultimate economic benefits of ownership.
Definition of "Parent" in the context of mergers and acquisitions
This definition applies "Parent" to its role in a corporate acquisition scenario.
"Parent" refers to the acquirer in a merger or acquisition transaction, which assumes control and ownership of the target company and its assets upon completion of the deal.
Definition of "Parent" as a company controlling a group for regulatory purposes
This definition connects "Parent" to its role in regulatory compliance and oversight.
"Parent" refers to the entity that is legally responsible for overseeing the operations of its subsidiaries and ensuring compliance with applicable regulations, such as antitrust laws or environmental laws.
Definition of "Parent" as the entity responsible for strategic decision-making
This definition links "Parent" to its role in making strategic business decisions for its subsidiaries.
"Parent" means the entity responsible for setting the strategic direction and business policies for the entire group, including its subsidiaries, based on long-term goals.
Definition of "Parent" as an entity in a cross-border investment structure
This definition ties "Parent" to its role in managing cross-border or international investments.
"Parent" refers to the central entity in a cross-border investment structure that owns and controls subsidiaries or investments located in different countries or regions.
Definition of "Parent" in a joint venture agreement
This definition connects "Parent" to its role in a joint venture agreement with another entity.
"Parent" refers to the entity that, along with one or more partners, owns and controls a joint venture, sharing in the profits, losses, and management responsibilities.
Definition of "Parent" as a controlling shareholder in a family-owned business
This definition links "Parent" to its role as the controlling shareholder in a family-owned business structure.
"Parent" refers to the founding family or entity that holds a controlling share in the family business, often playing a significant role in its governance and strategic decisions.
Definition of "Parent" as an entity with capital allocation duties
This definition applies "Parent" to its role in allocating capital to subsidiaries or affiliated companies.
"Parent" refers to the entity responsible for allocating capital and resources to its subsidiaries to ensure their financial stability and growth.
Definition of "Parent" in the context of debt financing
This definition ties "Parent" to its obligations under debt financing agreements.
"Parent" refers to the entity that is either the primary borrower or a guarantor under a debt financing arrangement, securing the obligations of its subsidiaries if necessary.
Definition of "Parent" as the controlling party in a corporate restructuring
This definition connects "Parent" to its role in corporate restructuring efforts.
"Parent" means the entity overseeing a corporate restructuring, which may involve the merger, acquisition, or liquidation of subsidiary companies.
Definition of "Parent" in the context of shared corporate resources
This definition links "Parent" to its responsibility for managing shared corporate resources.
"Parent" refers to the company that manages and distributes corporate resources, such as legal, financial, or marketing services, among its subsidiaries.
Definition of "Parent" as the head of a corporate governance framework
This definition applies "Parent" to its role in leading corporate governance frameworks.
"Parent" means the entity responsible for defining and enforcing the corporate governance framework across all its subsidiaries, ensuring compliance with industry standards.
Definition of "Parent" as the financial consolidator in reporting
This definition ties "Parent" to its responsibility for financial reporting and consolidation.
"Parent" refers to the company responsible for consolidating the financial reports of its subsidiaries into a single set of financial statements for regulatory and accounting purposes.
Definition of "Parent" as a holder of intellectual property assets
This definition connects "Parent" to its ownership of intellectual property (IP) assets that are utilized across subsidiaries.
"Parent" refers to the entity that holds intellectual property rights, such as patents, trademarks, and copyrights, that may be licensed or utilized by its subsidiaries.
Definition of "Parent" in a group consolidation for tax purposes
This definition applies "Parent" to its role in tax group consolidation.
"Parent" means the entity that is responsible for consolidating tax filings and liabilities for a group of affiliated companies, ensuring tax compliance across the group.
Definition of "Parent" as the head of a franchise network
This definition ties "Parent" to its role as the head of a franchise network.
"Parent" refers to the entity that owns and operates the primary brand and franchise, overseeing the operation of franchisees under its brand and business model.
Definition of "Parent" as a company with an equity stake in subsidiary operations
This definition links "Parent" to its ownership stake in subsidiary companies.
"Parent" means the company that holds an equity interest in subsidiary operations, with rights to dividends and decision-making authority.
Definition of "Parent" as a controlling entity in mergers and acquisitions
This definition connects "Parent" to its role in mergers and acquisitions.
"Parent" refers to the acquiring company in a merger or acquisition, which gains control over the assets and operations of the target company.
Definition of "Parent" as a strategic advisor to subsidiaries
This definition ties "Parent" to its advisory role in guiding subsidiaries.
"Parent" refers to the company that provides strategic advice and guidance to its subsidiaries, influencing decisions on operations, growth, and market positioning.
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.