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LSDefine

Simple English definitions for legal terms

trade price

Read a random definition: contractual lien

A quick definition of trade price:

Trade price: The price that is paid for goods or services when they are bought or sold between businesses or traders. It is the amount of money that is agreed upon by both parties involved in the transaction.

A more thorough explanation:

Definition: Trade price refers to the price at which goods or services are sold to retailers or other businesses, rather than to individual consumers. It is often lower than the retail price, as businesses buying in bulk can negotiate better deals with suppliers.

Example: A manufacturer of clothing may sell their products to a retailer at a trade price of $20 per item, while the retailer then sells the same item to individual customers at a retail price of $40. The trade price allows the retailer to make a profit while still offering a competitive price to customers.

Another example: A restaurant may purchase ingredients from a supplier at a trade price, allowing them to keep their costs low and offer affordable menu items to customers.

The examples illustrate how trade price is a pricing strategy used in business-to-business transactions, allowing businesses to purchase goods or services at a lower cost and then sell them at a higher price to make a profit.

trade practice | Trade-Related Aspects of Intellectual Property Rights

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texaslawhopefully
15:40
I guess it depends what your goals are. If it's generic biglaw, CLS will get you the same outcome
6 yrs on January 30th
lilypadfrog
15:40
awwww <3 i love love
I also like CLS for liberal clerking. approx 41 FCOA clerks per yr
It's there if I excel. if not then I'm chill with sticking to BL
texaslawhopefully
15:41
CLS is not even close to Chicago for clerking lmao
choosingpeace
15:41
wait would yall pick CLS or penn?
I didn't apply to either but I would pick penn
15:42
penn bc im in state
no no it's not. But I wouldn't clerk conservative, so idk about Chi #s for myself
cumsock
15:42
Penn
texaslawhopefully
15:42
I guess that's fair. From what I've heard UChicago for conservatives is on par w/ HYS for clerkships
texaslawhopefully
15:42
not sure about for liberals
cumsock
15:43
They’re very similar tho
cumsock
15:43
Both t6 ivies
Is that NYU disrespect???? NYU out the t-6?
15:44
Penn because my college friends who mentored me go there
lilypadfrog
15:45
NYU is a t6 unless they don’t accept me and then idgaf what they’re ranked
texaslawhopefully
15:46
That's the best mentality
texaslawhopefully
15:46
If I get into UChicago it will be CYS
lilypadfrog
15:48
waspy I’m sure he meant to clarify that CYS is Cornell Yale Stanford
yeah just making sure
I look really good in blue tho
obviously cornell is t3
cumsock
15:49
someone from my undergrad is going to columbia for a masters in social work and the way they are talking to me im pretty sure they think thats as hard to get accepted to as columbia law
every prof at cornell glazes it so hard
GreyCeaselessMammoth
15:50
i know so many heads going to various schools for random masters degrees and its like babe its not the sameeee
cumsock
15:50
"The acceptance rate for the Master of Science in Social Work (MSW) program at Columbia University is 74%" does he know?
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