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LSDefine

Simple English definitions for legal terms

gray market

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A quick definition of gray market:

A gray market is a place where people sell things in a sneaky way to avoid following the rules set by the manufacturer. They might sell things for cheaper than the normal price, but it's not always fair or legal. It's like when someone cuts in line to get something before everyone else. It's not nice or fair to the people who follow the rules.

A more thorough explanation:

A gray market is a market where the seller uses legal but sometimes unethical methods to sell goods at prices lower than those intended by the manufacturer. This often involves importing goods, especially electronics, from other countries and selling them at a lower price than the manufacturer's suggested retail price.

For example, a company may sell a new smartphone for $1000 in the United States, but a gray market seller may import the same phone from another country and sell it for $800. This can be attractive to consumers who want to save money, but it can also be risky because the warranty may not be valid in the buyer's country.

Gray markets can be controversial because they can hurt the manufacturer's profits and reputation. However, they can also provide consumers with access to products that may not be available in their country or that are too expensive through traditional channels.

gravatio | gray-market adoption

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General

General chat about the legal profession.
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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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