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LSDefine

Simple English definitions for legal terms

Usage of trade

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A quick definition of Usage of trade:

Usage of trade: A way of doing things that is commonly followed in a certain industry or place. It helps people understand what is expected in a business deal and how certain terms should be interpreted. For example, if everyone in a certain trade always uses a certain word to mean a specific thing, that word will have that meaning in contracts and agreements related to that trade.

A more thorough explanation:

Usage of trade is a term used in contracts to help interpret the meaning of certain terms. According to the Uniform Commercial Code, a usage of trade is a common practice or method of dealing that is regularly observed in a particular place, vocation, or trade. This regularity creates an expectation that the practice will be followed in a transaction.

  • In the construction industry, it is common practice to use certain materials and methods for building foundations. This usage of trade would be expected to be followed in a contract for a construction project.
  • In the fashion industry, it is common practice to use certain fabrics and designs for certain types of clothing. This usage of trade would be expected to be followed in a contract for a clothing manufacturing agreement.

These examples illustrate how a usage of trade can be used to interpret the meaning of certain terms in a contract. By understanding the common practices and methods of dealing in a particular industry, parties can ensure that their contract reflects these expectations and avoids any misunderstandings or disputes.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] 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
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