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Legal Definitions - obsolescence
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Definition of obsolescence
Obsolescence is when something becomes outdated or falls out of use. It can happen because of new technology or changes in demand.
- A VHS tape player is an example of obsolescence because it is no longer used since DVDs and streaming services became popular.
- A computer that is slow and cannot run new software is an example of functional obsolescence.
- A company that produces smartphones with planned obsolescence designs them to only last a few years before needing to be replaced.
These examples show how obsolescence can happen in different ways. It can be because of new technology, like with VHS tapes and smartphones. It can also be because of problems with the product, like with the slow computer. And sometimes, it can be intentional, like with planned obsolescence.
You win some, you lose some, and some you just bill by the hour.
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Simple Definition
Obsolescence is when something is no longer useful or needed. It can happen because of new technology or changes in the way things are done. For example, an old computer may become obsolete because it can't run new software. Obsolescence can also happen on purpose, when companies make products that are designed to wear out quickly so people will have to buy new ones. This is called planned obsolescence.
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