Commercial Reasonableness
/kəˈmɜːrʃəl ˌriːznəˈbɪlnəs/
Definitions
- (n.) The standard of fairness, reasonableness, and good faith applied in commercial transactions, ensuring practices conform to what is typical and prudent in the relevant industry or market.
The court evaluated the sale under the principle of commercial reasonableness.
Forms
- commercial reasonableness
Related terms
See also
Commentary
Commercial reasonableness often serves to balance flexibility in business practices with legal protections, requiring context-specific analysis rather than rigid criteria.
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.