Usage, Commercial

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Usage, Commercial

 

an established procedure, or rule, in commercial practice that is used to determine the will of the contracting parties in the event this will has not been explicitly expressed in the contract. Commercial usage is taken into consideration only to the degree that the parties know of its existence and had it in mind when concluding the contract.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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