Legal Definitions - commercial morality

Definition: Commercial morality refers to the fair practices that businesses should follow when competing with each other. It is a set of ethical standards that guide businesses to act with integrity and honesty towards their competitors and customers.

Example: One example of commercial morality is not engaging in commercial espionage. This means that businesses should not steal trade secrets or confidentialinformation from their competitors. Doing so is considered unethical and below the accepted standards of commercial morality.

Another example of commercial morality is not engaging in price-fixing. This means that businesses should not collude with their competitors to set prices at an artificially high level. Price-fixing is illegal and goes against the principles of fair competition.

These examples illustrate how commercial morality is important for maintaining a level playing field in the business world. When businesses follow ethical standards, they can compete fairly and provide customers with high-quality products and services.