20:59
got a random stanford email and almost had a heart attack
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Simple English definitions for legal terms
commercial morality
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A quick definition of commercial morality:
Term: COMMERCIAL MORALITY
Definition: Commercial morality refers to the fair practices that businesses should follow when competing with each other. It means that companies should not engage in unethical behavior, such as stealing trade secrets from their competitors. Courts often consider commercial espionage to be below the accepted standards of commercial morality.
A more thorough explanation:
Definition: Commercial morality refers to the fair practices that businesses should follow when competing with each other. It is a set of ethical standards that guide businesses to act with integrity and honesty towards their competitors and customers.
Example: One example of commercial morality is not engaging in commercial espionage. This means that businesses should not steal trade secrets or confidential information from their competitors. Doing so is considered unethical and below the accepted standards of commercial morality.
Another example of commercial morality is not engaging in price-fixing. This means that businesses should not collude with their competitors to set prices at an artificially high level. Price-fixing is illegal and goes against the principles of fair competition.
These examples illustrate how commercial morality is important for maintaining a level playing field in the business world. When businesses follow ethical standards, they can compete fairly and provide customers with high-quality products and services.
commercially significant noninfringing use | commercial name