Legal Definitions - vend

Vend

To vend means to sell or transfer goods or services to another person or entity in exchange for money or something else of value. While the term vend itself is not commonly used when referring to the sale of real estate, its related terms, such as vendor (seller) and vendee (buyer), are frequently used in property transactions. It can also specifically refer to selling goods, often in a public or itinerant manner, such as through hawking or peddling.

• Example 1: A technology company develops a new cybersecurity software and offers licenses to businesses for an annual fee.

  Explanation: The technology company is "vending" its software licenses because it is transferring the right to use the software to its clients in exchange for payment, illustrating the transfer of goods/services for value.

• Example 2: A local artisan sets up a booth at a weekend craft fair to sell handmade jewelry and pottery directly to attendees.

  Explanation: The artisan is "vending" their creations by offering them for sale to the public in a market setting, which aligns with the meaning of making an object of trade, often in a public or itinerant fashion.