marktübliche

Marktüblich is a German term that translates to "customary on the market" or "usual on the market." It refers to a price, condition, or practice that is generally accepted and common within a specific market or industry. This concept is crucial in various legal and commercial contexts, particularly in German law.

When a contract or agreement specifies something as "marktüblich," it implies that the terms should align with what is standard and expected by participants in that particular market. This can apply to prices, interest rates, delivery times, quality standards, or other contractual elements. If a dispute arises regarding a term, courts may refer to market practices to determine what is considered "marktüblich" and therefore fair or legally binding.

The determination of what is marktüblich often relies on expert opinions, market surveys, or established industry customs. It provides a benchmark against which specific transactions can be measured, ensuring a degree of predictability and fairness in commercial dealings. Essentially, it signifies adherence to the prevailing norms and expectations within a given economic sector.