Digital Marketplace
/ˈdɪdʒɪtl ˈmɑrkɪtpleɪs/
Definitions
- (n.) An online platform facilitating commercial transactions between buyers and sellers of goods or services under legal regulatory frameworks.
The digital marketplace must comply with consumer protection laws to ensure fair trade.
- (n.) A virtual venue governed by specific laws regarding data privacy, contract formation, and intellectual property rights.
Regulation of the digital marketplace includes strict rules on data handling and digital contracts.
Forms
- digital marketplace
- digital marketplaces
Related terms
See also
Commentary
The term is central in legal discussions on regulatory compliance, jurisdiction, and rights management in electronic commerce; clarity in defining the legal scope of such marketplaces aids in drafting effective legislation and contracts.
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.