Trade Custom
/ˈtreɪd ˈkʌstəm/
Definitions
- (n.) A practice or usage having legal force within a particular trade or locality, recognized as binding despite not being written in statute or contract.
The court upheld the trade custom as part of the contract terms.
Forms
- trade custom
- trade customs
Related terms
See also
Commentary
Trade customs are often used to imply terms in commercial agreements where explicit provisions are absent.
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.