Commercial Advantage
/kəˈmɜːrʃəl ədˈvɑːntɪdʒ/
Definitions
- (n.) A benefit or favorable position gained in commerce or trade often through intellectual property or competitive practices.
The company secured a commercial advantage by patenting its innovative technology.
- (n.) An economic benefit that provides one party with greater market power or profitability over others.
Having exclusive distribution rights gave them a significant commercial advantage.
Related terms
See also
Commentary
Often used in contexts involving intellectual property and competition law, highlighting the legal protection or strategies enabling market success.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.