Usage in Trade
/ˈjuːsɪdʒ ɪn treɪd/
Definitions
- (n.) The established and widely accepted practices and customs in a particular commercial sector, which can influence the interpretation of contracts and trade laws.
The court referred to the usage in trade to interpret the ambiguous terms of the contract.
Forms
- usage in trade
Related terms
See also
Commentary
Usage in trade is frequently used to supplement or clarify contracts, especially where written terms are vague or incomplete; understanding local or industry-specific usage is essential in commercial law.
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.