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Plausible Definition | Law Insider Define Plausible. means the reserves data appear to be worthy of belief based on the information obtained by the independent qualified reserves auditor in carrying out the aforementioned steps. Negative assurance can be given bPlausible Definition | Law Insider Define Plausible. means the reserves data appear to be worthy of belief based on the information obtained by the independent qualified reserves auditor in carrying out the aforementioned steps. Negative assurance can be given by the independent reserves auditor, but an opinion cannot. For example, “Nothing came to my attention that would indicate the reserves information has not been prepared and presented in accordance with principles and definitions adopted by the SPEE (Calgary Chapter), and APEGGA (Practice Standard for the Evaluation of Oil and Gas Reserves for Public Disclosure). <dfn>Plausible</dfn> <!-- -->means the <a href=""/clause/reserves-data"" rel="“noopener noreferrer”" target=""_blank"">reserves data</a> <a href=""/clause/appear"" rel="“noopener noreferrer”" target=""_blank"">appear</a> to be worthy of belief based on the <a href=""/clause/information-obtained"" rel="“noopener noreferrer”" target=""_blank"">information obtained</a> by <a href=""/clause/the-independent"" rel="“noopener noreferrer”" target=""_blank"">the independent</a> <a href=""/clause/qualified"" rel="“noopener noreferrer”" target=""_blank"">qualified</a> reserves <a href=""/clause/auditor"" rel="“noopener noreferrer”" target=""_blank"">auditor</a> in carrying out the aforementioned <a href=""/clause/steps"" rel="“noopener noreferrer”" target=""_blank"">steps</a>. <a href=""/clause/negative-assurance"" rel="“noopener noreferrer”" target=""_blank"">Negative assurance</a> can be given by the independent reserves auditor, but <a href=""/clause/an-opinion"" rel="“noopener noreferrer”" target=""_blank"">an opinion</a> cannot. <a href=""/clause/for-example"" rel="“noopener noreferrer”" target=""_blank"">For example</a>, “Nothing <a href=""/dictionary/came"" rel="“noopener noreferrer”" target=""_blank"">came</a> to my <a href=""/clause/attention"" rel="“noopener noreferrer”" target=""_blank"">attention</a> that would <a href=""/clause/indicate"" rel="“noopener noreferrer”" target=""_blank"">indicate</a> the <a href=""/clause/reserves-information"" rel="“noopener noreferrer”" target=""_blank"">reserves information</a> has not been <a href=""/dictionary/prepared"" rel="“noopener noreferrer”" target=""_blank"">prepared</a> and presented <a href=""/clause/in-accordance-with"" rel="“noopener noreferrer”" target=""_blank"">in accordance with</a> <a href=""/clause/principles-and-definitions"" rel="“noopener noreferrer”" target=""_blank"">principles and definitions</a> <a href=""/dictionary/adopted-by"" rel="“noopener noreferrer”" target=""_blank"">adopted by</a> the SPEE (<a href=""/dictionary/calgary"" rel="“noopener noreferrer”" target=""_blank"">Calgary</a> <a href=""/clause/chapter"" rel="“noopener noreferrer”" target=""_blank"">Chapter</a>), and APEGGA (<a href=""/dictionary/practice-standard"" rel="“noopener noreferrer”" target=""_blank"">Practice Standard</a> for <a href=""/clause/the-evaluation"" rel="“noopener noreferrer”" target=""_blank"">the Evaluation</a> of <a href=""/clause/oil-and-gas-reserves"" rel="“noopener noreferrer”" target=""_blank"">Oil and Gas Reserves</a> for <a href=""/clause/public-disclosure"" rel="“noopener noreferrer”" target=""_blank"">Public Disclosure</a>). Based on 7 documents <dfn>Plausible</dfn> <!-- -->means that <a href=""/clause/stakeholders"" rel="“noopener noreferrer”" target=""_blank"">stakeholders</a> <a href=""/clause/believe"" rel="“noopener noreferrer”" target=""_blank"">believe</a> the <a href=""/clause/logic"" rel="“noopener noreferrer”" target=""_blank"">logic</a> of <a href=""/clause/the-model"" rel="“noopener noreferrer”" target=""_blank"">the model</a> is <a href=""/clause/correct"" rel="“noopener noreferrer”" target=""_blank"">correct</a>: if we do these <a href=""/clause/things"" rel="“noopener noreferrer”" target=""_blank"">things</a>, we will get <a href=""/clause/the-results"" rel="“noopener noreferrer”" target=""_blank"">the results</a> <a href=""/clause/we-want"" rel="“noopener noreferrer”" target=""_blank"">we want</a> and expect (Connell & Klem, 2000). “Doable” means <a href=""/clause/the-human"" rel="“noopener noreferrer”" target=""_blank"">the human</a>, <a href=""/clause/political"" rel="“noopener noreferrer”" target=""_blank"">political</a>, and <a href=""/clause/economic"" rel="“noopener noreferrer”" target=""_blank"">economic</a> <a href=""/clause/resources"" rel="“noopener noreferrer”" target=""_blank"">resources</a> are <a href=""/dictionary/sufficient"" rel="“noopener noreferrer”" target=""_blank"">sufficient</a> to <a href=""/clause/implement"" rel="“noopener noreferrer”" target=""_blank"">implement</a> <a href=""/clause/the-action"" rel="“noopener noreferrer”" target=""_blank"">the action</a> <a href=""/clause/strategies"" rel="“noopener noreferrer”" target=""_blank"">strategies</a> in the <a href=""/clause/theory"" rel="“noopener noreferrer”" target=""_blank"">theory</a> (Connell & Klem, 2000). “Testable” means that stakeholders believe there are <a href=""/dictionary/credible"" rel="“noopener noreferrer”" target=""_blank"">credible</a> <a href=""/clause/ways"" rel="“noopener noreferrer”" target=""_blank"">ways</a> to <a href=""/clause/discover"" rel="“noopener noreferrer”" target=""_blank"">discover</a> whether the results are as predicted (Connell & Klem, 2000). “<a href=""/dictionary/meaningful"" rel="“noopener noreferrer”" target=""_blank"">Meaningful</a>” means that stakeholders see the <a href=""/clause/outcomes"" rel="“noopener noreferrer”" target=""_blank"">outcomes</a> as <a href=""/clause/important"" rel="“noopener noreferrer”" target=""_blank"">important</a> and see the <a href=""/clause/magnitude"" rel="“noopener noreferrer”" target=""_blank"">magnitude</a> of <a href=""/clause/change-in"" rel="“noopener noreferrer”" target=""_blank"">change in</a> these outcomes being pursued as <a href=""/clause/worth"" rel="“noopener noreferrer”" target=""_blank"">worth</a> the <a href=""/clause/effort"" rel="“noopener noreferrer”" target=""_blank"">effort</a> (Connell & Klem, 2000). Based on 3 documents <dfn>Plausible</dfn> <!-- -->means that there must be some <a href=""/dictionary/real"" rel="“noopener noreferrer”" target=""_blank"">real</a> <a href=""/dictionary/reason-for"" rel="“noopener noreferrer”" target=""_blank"">reason for</a> supposing that <a href=""/clause/the-statement"" rel="“noopener noreferrer”" target=""_blank"">the statement</a> is <a href=""/clause/true"" rel="“noopener noreferrer”" target=""_blank"">true</a>; <a href=""/clause/human"" rel="“noopener noreferrer”" target=""_blank"">Human</a> Genome Sciences <a href=""/clause/inc"" rel="“noopener noreferrer”" target=""_blank"">Inc</a> v <a href=""/dictionary/eli-lilly"" rel="“noopener noreferrer”" target=""_blank"">Eli Lilly</a> & <a href=""/dictionary/co"" rel="“noopener noreferrer”" target=""_blank"">Co</a> [2012] <a href=""/clause/rpc"" rel="“noopener noreferrer”" target=""_blank"">RPC</a> 6 at [149]. This <a href=""/clause/excludes"" rel="“noopener noreferrer”" target=""_blank"">excludes</a> <a href=""/clause/speculative"" rel="“noopener noreferrer”" target=""_blank"">speculative</a> <a href=""/clause/patents"" rel="“noopener noreferrer”" target=""_blank"">patents</a>, <a href=""/clause/based-on"" rel="“noopener noreferrer”" target=""_blank"">based on</a> <a href=""/dictionary/mere"" rel="“noopener noreferrer”" target=""_blank"">mere</a> <a href=""/clause/assertion"" rel="“noopener noreferrer”" target=""_blank"">assertion</a>. Based on 3 documents <dfn>Plausible</dfn> <!-- -->means an <a href=""/clause/account-number"" rel="“noopener noreferrer”" target=""_blank"">account number</a> <a href=""/clause/the-structure"" rel="“noopener noreferrer”" target=""_blank"">the structure</a> of which (<a href=""/clause/format"" rel="“noopener noreferrer”" target=""_blank"">format</a> - <a href=""/dictionary/check-digit"" rel="“noopener noreferrer”" target=""_blank"">check digit</a>) appears to be <a href=""/clause/valid"" rel="“noopener noreferrer”" target=""_blank"">valid</a> (<a href=""/clause/provided"" rel="“noopener noreferrer”" target=""_blank"">provided</a>, that this does not <a href=""/dictionary/imply"" rel="“noopener noreferrer”" target=""_blank"">imply</a> that <a href=""/clause/the-account"" rel="“noopener noreferrer”" target=""_blank"">the account</a> number exists, nor that it is the account <a href=""/clause/number-of"" rel="“noopener noreferrer”" target=""_blank"">number of</a> the stated <a href=""/clause/debtor"" rel="“noopener noreferrer”" target=""_blank"">Debtor</a>). Based on 3 documents <dfn>Plausible</dfn> <!-- -->means “seemingly <a href=""/clause/true"" rel="“noopener noreferrer”" target=""_blank"">true</a>” (<a href=""/dictionary/webster"" rel="“noopener noreferrer”" target=""_blank"">Webster</a>’s <a href=""/dictionary/new-world"" rel="“noopener noreferrer”" target=""_blank"">New World</a> Dict. (2nd <a href=""/clause/college"" rel="“noopener noreferrer”" target=""_blank"">college</a> ed. 1978) p. 1091), <a href=""/clause/having"" rel="“noopener noreferrer”" target=""_blank"">having</a> an <a href=""/clause/appearance"" rel="“noopener noreferrer”" target=""_blank"">appearance</a> of <a href=""/clause/truth"" rel="“noopener noreferrer”" target=""_blank"">truth</a> or reason; seemingly worthy of <a href=""/clause/approval"" rel="“noopener noreferrer”" target=""_blank"">approval</a> or <a href=""/clause/acceptance"" rel="“noopener noreferrer”" target=""_blank"">acceptance</a>; <a href=""/dictionary/credible"" rel="“noopener noreferrer”" target=""_blank"">credible</a>; believable: a plausible <a href=""/clause/excuse"" rel="“noopener noreferrer”" target=""_blank"">excuse</a>; a plausible <a href=""/clause/plot"" rel="“noopener noreferrer”" target=""_blank"">plot</a>.” (The <a href=""/clause/random"" rel="“noopener noreferrer”" target=""_blank"">Random</a> <a href=""/clause/house"" rel="“noopener noreferrer”" target=""_blank"">House</a> Dict. of the <a href=""/clause/english-language"" rel="“noopener noreferrer”" target=""_blank"">English Language</a> (2d ed. unabridged 1987, p. 1484). It denotes a <a href=""/clause/degree"" rel="“noopener noreferrer”" target=""_blank"">degree</a> of <a href=""/dictionary/reasonable-probability"" rel="“noopener noreferrer”" target=""_blank"">reasonable probability</a>, a degree of apparent <a href=""/clause/credibility"" rel="“noopener noreferrer”" target=""_blank"">credibility</a> <a href=""/dictionary/greater-than"" rel="“noopener noreferrer”" target=""_blank"">greater than</a> <a href=""/dictionary/mere"" rel="“noopener noreferrer”" target=""_blank"">mere</a> possibility. Warrick’s <a href=""/clause/factual"" rel="“noopener noreferrer”" target=""_blank"">factual</a> <a href=""/clause/scenario"" rel="“noopener noreferrer”" target=""_blank"">scenario</a> <a href=""/clause/does-not-meet"" rel="“noopener noreferrer”" target=""_blank"">does not meet</a> that <a href=""/clause/standard"" rel="“noopener noreferrer”" target=""_blank"">standard</a>. Based on 1 documents <dfn>Plausible</dfn> <!-- -->the <a href=""/clause/alternative"" rel="“noopener noreferrer”" target=""_blank"">alternative</a> <a href=""/clause/explanation"" rel="“noopener noreferrer”" target=""_blank"">explanation</a> that the “<a href=""/clause/standard"" rel="“noopener noreferrer”" target=""_blank"">standard</a> <a href=""/clause/provision"" rel="“noopener noreferrer”" target=""_blank"">provision</a>” is not really an <a href=""/clause/effort"" rel="“noopener noreferrer”" target=""_blank"">effort</a> to <a href=""/dictionary/assert"" rel="“noopener noreferrer”" target=""_blank"">assert</a> <a href=""/clause/priority"" rel="“noopener noreferrer”" target=""_blank"">priority</a> over <a href=""/clause/laws-and-decrees"" rel="“noopener noreferrer”" target=""_blank"">laws and decrees</a>, but is merely “<a href=""/dictionary/declaring"" rel="“noopener noreferrer”" target=""_blank"">declaring</a> the <a href=""/clause/written-document"" rel="“noopener noreferrer”" target=""_blank"">written document</a> to be the most <a href=""/clause/valid"" rel="“noopener noreferrer”" target=""_blank"">valid</a> <a href=""/clause/instrument"" rel="“noopener noreferrer”" target=""_blank"">instrument</a> of <a href=""/clause/proof"" rel="“noopener noreferrer”" target=""_blank"">proof</a> … the most <a href=""/clause/authentic"" rel="“noopener noreferrer”" target=""_blank"">authentic</a> <a href=""/clause/embodiment"" rel="“noopener noreferrer”" target=""_blank"">embodiment</a> of <a href=""/clause/the-contracting-parties"" rel="“noopener noreferrer”" target=""_blank"">the contracting parties</a>’ <a href=""/clause/mutual-obligations"" rel="“noopener noreferrer”" target=""_blank"">mutual obligations</a>” (<a href=""/clause/ibid"" rel="“noopener noreferrer”" target=""_blank"">ibid</a>.). Based on 1 documents <dfn>Plausible</dfn> <!-- -->means that <a href=""/clause/the-plaintiffs"" rel="“noopener noreferrer”" target=""_blank"">the plaintiffs</a>’ <a href=""/clause/allegations"" rel="“noopener noreferrer”" target=""_blank"">allegations</a> are <a href=""/dictionary/sufficient"" rel="“noopener noreferrer”" target=""_blank"">sufficient</a> to <a href=""/clause/raise"" rel="“noopener noreferrer”" target=""_blank"">raise</a> a <a href=""/clause/right-to-relief"" rel="“noopener noreferrer”" target=""_blank"">right to relief</a> above the <a href=""/clause/speculative"" rel="“noopener noreferrer”" target=""_blank"">speculative</a> <a href=""/clause/level"" rel="“noopener noreferrer”" target=""_blank"">level</a>. Twombly, 550 <a href=""/clause/us"" rel="“noopener noreferrer”" target=""_blank"">U.S</a>. at 555. The same <a href=""/clause/standard"" rel="“noopener noreferrer”" target=""_blank"">standard</a> <a href=""/clause/applies-to"" rel="“noopener noreferrer”" target=""_blank"">applies to</a> both the <a href=""/clause/merits"" rel="“noopener noreferrer”" target=""_blank"">merits</a> <a href=""/clause/and-jurisdiction"" rel="“noopener noreferrer”" target=""_blank"">and jurisdiction</a>. Silha v. <a href=""/clause/act"" rel="“noopener noreferrer”" target=""_blank"">Act</a>, <a href=""/clause/inc"" rel="“noopener noreferrer”" target=""_blank"">Inc</a>., No. 15-1083, — F.3d. Based on 1 documents <dfn>Plausible</dfn> <!-- -->means that there must be some <a href=""/dictionary/real"" rel="“noopener noreferrer”" target=""_blank"">real</a> <a href=""/dictionary/reason-for"" rel="“noopener noreferrer”" target=""_blank"">reason for</a> supposing that <a href=""/clause/the-statement"" rel="“noopener noreferrer”" target=""_blank"">the statement</a> is <a href=""/clause/true"" rel="“noopener noreferrer”" target=""_blank"">true</a>; this <a href=""/clause/excludes"" rel="“noopener noreferrer”" target=""_blank"">excludes</a> <a href=""/clause/speculative"" rel="“noopener noreferrer”" target=""_blank"">speculative</a> <a href=""/clause/patents"" rel="“noopener noreferrer”" target=""_blank"">patents</a> <a href=""/clause/based-on"" rel="“noopener noreferrer”" target=""_blank"">based on</a> <a href=""/dictionary/mere"" rel="“noopener noreferrer”" target=""_blank"">mere</a> <a href=""/clause/assertion"" rel="“noopener noreferrer”" target=""_blank"">assertion</a>. Based on 1 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.

yourself to verify these results. We are always keen to point people to source documents.

y the independent reserves auditor, but an opinion cannot. For example, “Nothing came to my attention that would indicate the reserves information has not been prepared and presented in accordance with principles and definitions adopted by the SPEE (Calgary Chapter), and APEGGA (Practice Standard for the Evaluation of Oil and Gas Reserves for Public Disclosure). <dfn>Plausible</dfn> <!-- -->means the <a href=""/clause/reserves-data"" rel="“noopener noreferrer”" target=""_blank"">reserves data</a> <a href=""/clause/appear"" rel="“noopener noreferrer”" target=""_blank"">appear</a> to be worthy of belief based on the <a href=""/clause/information-obtained"" rel="“noopener noreferrer”" target=""_blank"">information obtained</a> by <a href=""/clause/the-independent"" rel="“noopener noreferrer”" target=""_blank"">the independent</a> <a href=""/clause/qualified"" rel="“noopener noreferrer”" target=""_blank"">qualified</a> reserves <a href=""/clause/auditor"" rel="“noopener noreferrer”" target=""_blank"">auditor</a> in carrying out the aforementioned <a href=""/clause/steps"" rel="“noopener noreferrer”" target=""_blank"">steps</a>. <a href=""/clause/negative-assurance"" rel="“noopener noreferrer”" target=""_blank"">Negative assurance</a> can be given by the independent reserves auditor, but <a href=""/clause/an-opinion"" rel="“noopener noreferrer”" target=""_blank"">an opinion</a> cannot. <a href=""/clause/for-example"" rel="“noopener noreferrer”" target=""_blank"">For example</a>, “Nothing <a href=""/dictionary/came"" rel="“noopener noreferrer”" target=""_blank"">came</a> to my <a href=""/clause/attention"" rel="“noopener noreferrer”" target=""_blank"">attention</a> that would <a href=""/clause/indicate"" rel="“noopener noreferrer”" target=""_blank"">indicate</a> the <a href=""/clause/reserves-information"" rel="“noopener noreferrer”" target=""_blank"">reserves information</a> has not been <a href=""/dictionary/prepared"" rel="“noopener noreferrer”" target=""_blank"">prepared</a> and presented <a href=""/clause/in-accordance-with"" rel="“noopener noreferrer”" target=""_blank"">in accordance with</a> <a href=""/clause/principles-and-definitions"" rel="“noopener noreferrer”" target=""_blank"">principles and definitions</a> <a href=""/dictionary/adopted-by"" rel="“noopener noreferrer”" target=""_blank"">adopted by</a> the SPEE (<a href=""/dictionary/calgary"" rel="“noopener noreferrer”" target=""_blank"">Calgary</a> <a href=""/clause/chapter"" rel="“noopener noreferrer”" target=""_blank"">Chapter</a>), and APEGGA (<a href=""/dictionary/practice-standard"" rel="“noopener noreferrer”" target=""_blank"">Practice Standard</a> for <a href=""/clause/the-evaluation"" rel="“noopener noreferrer”" target=""_blank"">the Evaluation</a> of <a href=""/clause/oil-and-gas-reserves"" rel="“noopener noreferrer”" target=""_blank"">Oil and Gas Reserves</a> for <a href=""/������ Definition 1

• Plausible means credible data or logic acknowledged by independent qualified auditors or stakeholders.

Relevant Contract Types

• Non-Disclosure Agreements (NDAs)
• Joint Venture Agreements
• Research and Development Agreements

Relevant Circumstances

• Collaborations involving proprietary research and data
• Joint ventures where business strategies are shared between parties
• Research and development projects

Relevant Sectors

• Technology
• Finance
• Pharmaceutical
• Professional Services

clause/public-disclosure"" rel="“noopener noreferrer”" target=""_blank"">Public Disclosure</a>). Based on 7 documents <dfn>Plausible</dfn> <!-- -->means that <a href=""/clause/stakeholders"" rel="“noopener noreferrer”" target=""_blank"">stakeholders</a> <a href=""/clause/believe"" rel="“noopener noreferrer”" target=""_blank"">believe</a> the <a href=""/clause/logic"" rel="“noopener noreferrer”" target=""_blank"">logic</a> of <a href=""/clause/the-model"" rel="“noopener noreferrer”" target=""_blank"">the model</a> is <a href=""/clause/correct"" rel="“noopener noreferrer”" target=""_blank"">correct</a>: if we do these <a href=""/clause/things"" rel="“noopener noreferrer”" target=""_blank"">things</a>, we will get <a href=""/clause/the-results"" rel="“noopener noreferrer”" target=""_blank"">the results</a> <a href=""/clause/we-want"" rel="“noopener noreferrer”" target=""_blank"">we want</a> and expect (Connell & Klem, 2000). “Doable” means <a href=""/clause/the-human"" rel="“noopener noreferrer”" target=""_blank"">the human</a>, <a href=""/clause/political"" rel="“noopener noreferrer”" target=""_blank"">political</a>, and <a href=""/clause/economic"" rel="“noopener noreferrer”" target=""_blank"">economic</a> <a href=""/clause/resources"" rel="“noopener noreferrer”" target=""_blank"">resources</a> are <a href=""/dictionary/sufficient"" rel="“noopener noreferrer”" target=""_blank"">sufficient</a> to <a href=""/clause/implement"" rel="“noopener noreferrer”" target=""_blank"">implement</a> <a href=""/clause/the-action"" rel="“noopener noreferrer”" target=""_blank"">the action</a> <a href=""/clause/strategies"" rel="“noopener noreferrer”" target=""_blank"">strategies</a> in the <a href=""/clause/theory"" rel="“noopener noreferrer”" target=""_blank"">theory</a> (Connell & Klem, 2000). “Testable” means that stakeholders believe there are <a href=""/dictionary/credible"" rel="“noopener noreferrer”" target=""_blank"">credible</a> <a href=""/clause/ways"" rel="“noopener noreferrer”" target=""_blank"">ways</a> to <a href=""/clause/discover"" rel="“noopener noreferrer”" target=""_blank"">discover</a> whether the results are as predicted (Connell & Klem, 2000). “<a href=""/dictionary/meaningful"" rel="“noopener noreferrer”" target=""_blank"">Meaningful</a>” means that stakeholders see the <a href=""/clause/outcomes"" rel="“noopener noreferrer”" target=""_blank"">outcomes</a> as <a href=""/clause/important"" rel="“noopener noreferrer”" target=""_blank"">important</a> and see the <a href=""/clause/magnitude"" rel="“noopener noreferrer”" target=""_blank"">magnitude</a> of <a href=""/clause/change-in"" rel="“noopener noreferrer”" target=""_blank"">change in</a> these outcomes being pursued as <a href=""/clause/worth"" rel="“noopener noreferrer”" target=""_blank"">worth</a> the <a href=""/clause/effort"" rel="“noopener noreferrer”" target=""_blank"">effort</a> (Connell & Klem, 2000). Based on 3 documents <dfn>Plausible</dfn> <!-- -->means that there must be some <a href=""/dictionary/real"" rel="“noopener noreferrer”" target=""_blank"">real</a> <a href=""/dictionary/reason-for"" rel="“noopener noreferrer”" target=""_blank"">reason for</a> supposing that <a href=""/clause/the-statement"" rel="“noopener noreferrer”" target=""_blank"">the statement</a> is <a href=""/clause/true"" rel="“noopener noreferrer”" target=""_blank"">true</a>; <a href=""/clause/human"" rel="“noopener noreferrer”" target=""_blank"">Human</a> Genome Sciences <a href=""/clause/inc"" rel="“noopener noreferrer”" target=""_blank"">Inc</a> v <a href=""/dictionary/eli-lilly"" rel="“noopener noreferrer”" target=""_blank"">Eli Lilly</a> & <a href=""/dictionary/co"" rel="“noopener noreferrer”" target=""_blank"">Co</a> [2012] <a href=""/clause/rpc"" rel="“noopener noreferrer”" target=""_blank"">RPC</a> 6 at [149]. This <a href=""/clause/excludes"" rel="“noopener noreferrer”" target=""_blank"">excludes</a> <a href=""/clause/speculative"" rel="“noopener noreferrer”" target=""_blank"">speculative</a> <a href=""/clause/patents"" rel="“noopener noreferrer”" target=""_blank"">patents</a>, <a href=""/clause/based-on"" rel="“noopener noreferrer”" target=""_blank"">based on</a> <a href=""/dictionary/mere"" rel="“noopener noreferrer”" target=""_blank"">mere</a> <a href=""/clause/assertion"" rel="“noopener noreferrer”" target=""_blank"">assertion</a>. Based on 3 documents <dfn>Plausible</dfn> <!-- -->means an <a href=""/clause/account-number"" rel="“noopener noreferrer”" target=""_blank"">account number</a> <a href=""/clause/the-structure"" rel="“noopener noreferrer”" target=""_blank"">the structure</a> of which (<a href=""/clause/format"" rel="“noopener noreferrer”" target=""_blank"">format</a> - <a href=""/dictionary/check-digit"" rel="“noopener noreferrer”" target=""_blank"">check digit</a>) appears to be <a href=""/clause/valid"" rel="“noopener noreferrer”" target=""_blank"">valid</a> (<a href=""/clause/provided"" rel="“noopener noreferrer”" target=""_blank"">provided</a>, that this does not <a href=""/dictionary/imply"" rel="“noopener noreferrer”" target=""_blank"">imply</a> that <a href=""/clause/the-account"" rel="“noopener noreferrer”" target=""_blank"">the account</a> number exists, nor that it is the account <a href=""/clause/number-of"" rel="“noopener noreferrer”" target=""_blank"">number of</a> the stated <a href=""/clause/debtor"" rel="“noopener noreferrer”" target=""_blank"">Debtor</a>). Based on 3 documents <dfn>Plausible</dfn> <!-- -->means “seemingly <a href=""/clause/true"" rel="“noopener noreferrer”" target=""_blank"">true</a>” (<a href=""/dictionary/webster"" rel="“noopener noreferrer”" target=""_blank"">Webster</a>’s <a href=""/dictionary/new-world"" rel="“noopener noreferrer”" target=""_blank"">New World</a> Dict. (2nd <a href=""/clause/college"" rel="“noopener noreferrer”" target=""_blank"">college</a> ed. 1978) p. 1091), <a href=""/clause/having"" rel="“noopener noreferrer”" target=""_blank"">having</a> an <a href=""/clause/appearance"" rel="“noopener noreferrer”" target=""_blank"">appearance</a> of <a href=""/clause/truth"" rel="“noopener noreferrer”" target=""_blank"">truth</a> or reason; seemingly worthy of <a href=""/clause/approval"" rel="“noopener noreferrer”" target=""_blank"">approval</a> or <a href=""/clause/acceptance"" rel="“noopener noreferrer”" target=""_blank"">acceptance</a>; <a href=""/dictionary/credible"" rel="“noopener noreferrer”" target=""_blank"">credible</a>; believable: a plausible <a href=""/clause/excuse"" rel="“noopener noreferrer”" target=""_blank"">excuse</a>; a plausible <a href=""/clause/plot"" rel="“noopener noreferrer”" target=""_blank"">plot</a>.” (The <a href=""/clause/random"" rel="“noopener noreferrer”" target=""_blank"">Random</a> <a href=""/clause/house"" rel="“noopener noreferrer”" target=""_blank"">House</a> Dict. of the <a href=""/clause/english-language"" rel="“noopener noreferrer”" target=""_blank"">English Language</a> (2d ed. unabridged 1987, p. 1484). It denotes a <a href=""/clause/degree"" rel="“noopener noreferrer”" target=""_blank"">degree</a> of <a href=""/dictionary/reasonable-probability"" rel="“noopener noreferrer”" target=""_blank"">reasonable probability</a>, a degree of apparent <a href=""/clause/credibility"" rel="“noopener noreferrer”" target=""_blank"">credibility</a> <a href=""/dictionary/greater-than"" rel="“noopener noreferrer”" target=""_blank"">greater than</a> <a href=""/dictionary/mere"" rel="“noopener noreferrer”" target=""_blank"">mere</a> possibility. Warrick’s <a href=""/clause/factual"" rel="“noopener noreferrer”" target=""_blank"">factual</a> <a href=""/clause/scenario"" rel="“noopener noreferrer”" target=""_blank"">scenario</a> <a href=""/clause/does-not-meet"" rel="“noopener noreferrer”" target=""_blank"">does not meet</a> that <a href=""/clause/standard"" rel="“noopener noreferrer”" target=""_blank"">standard</a>. Based on 1 documents <dfn>Plausible</dfn> <!-- -->the <a href=""/clause/alternative"" rel="“noopener noreferrer”" target=""_blank"">alternative</a> <a href=""/clause/explanation"" rel="“noopener noreferrer”" target=""_blank"">explanation</a> that the “<a href=""/clause/standard"" rel="“noopener noreferrer”" target=""_blank"">standard</a> <a href=""/clause/provision"" rel="“noopener noreferrer”" target=""_blank"">provision</a>” is not really an <a href=""/clause/effort"" rel="“noopener noreferrer”" target=""_blank"">effort</a> to <a href=""/dictionary/assert"" rel="“noopener noreferrer”" target=""_blank"">assert</a> <a href=""/clause/priority"" rel="“noopener noreferrer”" target=""_blank"">priority</a> over <a href=""/clause/laws-and-decrees"" rel="“noopener noreferrer”" target=""_blank"">laws and decrees</a>, but is merely “<a href=""/dictionary/declaring"" rel="“noopener noreferrer”" target=""_blank"">declaring</a> the <a href=""/clause/written-document"" rel="“noopener noreferrer”" target=""_blank"">written document</a> to be the most <a href=""/clause/valid"" rel="“noopener noreferrer”" target=""_blank"">valid</a> <a href=""/clause/instrument"" rel="“noopener noreferrer”" target=""_blank"">instrument</a> of <a href=""/clause/proof"" rel="“noopener noreferrer”" target=""_blank"">proof</a> … the most <a href=""/clause/authentic"" rel="“noopener noreferrer”" target=""_blank"">authentic</a> <a href=""/clause/embodiment"" rel="“noopener noreferrer”" target=""_blank"">embodiment</a> of <a href=""/clause/the-contracting-parties"" rel="“noopener noreferrer”" target=""_blank"">the contracting parties</a>’ <a href=""/clause/mutual-obligations"" rel="“noopener noreferrer”" target=""_blank"">mutual obligations</a>” (<a href=""/clause/ibid"" rel="“noopener noreferrer”" target=""_blank"">ibid</a>.). Based on 1 documents <dfn>Plausible</dfn> <!-- -->means that <a href=""/clause/the-plaintiffs"" rel="“noopener noreferrer”" target=""_blank"">the plaintiffs</a>’ <a href=""/clause/allegations"" rel="“noopener noreferrer”" target=""_blank"">allegations</a> are <a href=""/dictionary/sufficient"" rel="“noopener noreferrer”" target=""_blank"">sufficient</a> to <a href=""/clause/raise"" rel="“noopener noreferrer”" target=""_blank"">raise</a> a <a href=""/clause/right-to-relief"" rel="“noopener noreferrer”" target=""_blank"">right to relief</a> above the <a href=""/clause/speculative"" rel="“noopener noreferrer”" target=""_blank"">speculative</a> <a href=""/clause/level"" rel="“noopener noreferrer”" target=""_blank"">level</a>. Twombly, 550 <a href=""/clause/us"" rel="“noopener noreferrer”" target=""_blank"">U.S</a>. at 555. The same <a href=""/clause/standard"" rel="“noopener noreferrer”" target=""_blank"">standard</a> <a href=""/clause/applies-to"" rel="“noopener noreferrer”" target=""_blank"">applies to</a> both the <a href=""/clause/merits"" rel="“noopener noreferrer”" target=""_blank"">merits</a> <a href=""/clause/and-jurisdiction"" rel="“noopener noreferrer”" target=""_blank"">and jurisdiction</a>. Silha v. <a href=""/clause/act"" rel="“noopener noreferrer”" target=""_blank"">Act</a>, <a href=""/clause/inc"" rel="“noopener noreferrer”" target=""_blank"">Inc</a>., No. 15-1083, — F.3d. Based on 1 documents <dfn>Plausible</dfn> <!-- -->means that there must be some <a href=""/dictionary/real"" rel="“noopener noreferrer”" target=""_blank"">real</a> <a href=""/dictionary/reason-for"" rel="“noopener noreferrer”" target=""_blank"">reason for</a> supposing that <a href=""/clause/the-statement"" rel="“noopener noreferrer”" target=""_blank"">the statement</a> is <a href=""/clause/true"" rel="“noopener noreferrer”" target=""_blank"">true</a>; this <a href=""/clause/excludes"" rel="“noopener noreferrer”" target=""_blank"">excludes</a> <a href=""/clause/speculative"" rel="“noopener noreferrer”" target=""_blank"">speculative</a> <a href=""/clause/patents"" rel="“noopener noreferrer”" target=""_blank"">patents</a> <a href=""/clause/based-on"" rel="“noopener noreferrer”" target=""_blank"">based on</a> <a href=""/dictionary/mere"" rel="“noopener noreferrer”" target=""_blank"">mere</a> <a href=""/clause/assertion"" rel="“noopener noreferrer”" target=""_blank"">assertion</a>. Based on 1 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.

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 '������ definitions' below, with guidance on which documents and which industry to use for each.

������ Definition 1

• Plausible means credible data or logic acknowledged by independent qualified auditors or stakeholders.

Relevant Contract Types

• Non-Disclosure Agreements (NDAs)
• Joint Venture Agreements
• Research and Development Agreements

Relevant Circumstances

• Collaborations involving proprietary research and data
• Joint ventures where business strategies are shared between parties
• Research and development projects

Relevant Sectors

• Technology
• Finance
• Pharmaceutical
• Professional Services

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