Marketplace
/ˈmɑːrkɪtˌpleɪs/
Definitions
- (n.) A venue or platform where goods, services, or commodities are exchanged or sold, often subject to regulatory frameworks.
The company launched its products on an international marketplace regulated by trade laws.
- (n.) An economic or legal environment facilitating commercial transactions between buyers and sellers, including digital or electronic platforms.
New data privacy laws affect how information is handled on online marketplaces.
Forms
- marketplaces
Related terms
See also
Commentary
In legal contexts, 'marketplace' extends beyond physical locations to include virtual platforms, often implicating issues such as jurisdiction, regulatory compliance, and consumer rights.
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.