Connection lost
Server error
Every accomplishment starts with the decision to try.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - lawful goods
Definition of lawful goods
Lawful goods refers to any items or property that are legally permissible to be owned, bought, sold, transported, or exported under the laws of a particular jurisdiction. These are items that do not violate any statutes or regulations, meaning they are not considered contraband, stolen property, or restricted substances.
Here are a few examples to illustrate this concept:
Retail Commerce: Imagine a local electronics store selling brand-new smartphones, laptops, and televisions. These items are manufactured legally, imported with proper documentation, and are not prohibited for sale to the general public. Therefore, the electronics store is dealing in lawful goods.
This illustrates the term because the products are legitimate consumer items that can be legally bought, sold, and owned without violating any laws concerning their origin, nature, or distribution.
International Trade: Consider a textile company that exports cotton fabric from its manufacturing plant to clothing designers in another country. The company has obtained all necessary export licenses, the fabric meets international quality and safety standards, and it is not a restricted material in either the exporting or importing country. The cotton fabric being shipped is considered lawful goods.
This example demonstrates that the goods are permissible for cross-border movement and trade, complying with all relevant customs and international commerce laws, unlike, for instance, shipping counterfeit designer clothing or illegal animal products.
Personal Possession: An individual purchases a vintage car from a reputable dealer, ensuring the vehicle has a clean title and passes all necessary inspections. The car is then registered and insured according to state laws. This vehicle is considered lawful goods in the individual's possession.
This scenario highlights that the item is legally owned and can be possessed and used without legal repercussions, contrasting with owning a stolen vehicle or a firearm that is illegal in that jurisdiction.
Simple Definition
Lawful goods are items or property that can be legally owned, sold, or exported according to the law. Essentially, they are any goods that are not considered contraband or otherwise prohibited.