Grey Market
/ˈɡreɪ ˌmɑːrkɪt/
Definitions
- (n.) A market where goods are sold through unauthorized, unofficial, or unintended distribution channels, often bypassing the manufacturer's official supply chain.
The company warned that purchasing electronics from the grey market could void the warranty.
Forms
- grey market
Related terms
See also
Commentary
The term 'grey market' is distinct from 'black market' due to legality; grey markets often involve legal products sold outside authorized channels, necessitating careful drafting when addressing warranty and liability.
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.