industry standards
Definition
Industry standards are the commonly accepted practices, methods, or quality levels that most businesses in a particular field follow. Courts and contracts often use these benchmarks to judge whether a business performed its work properly or met its obligations.
Example
If a customer sues a plumber for shoddy work, a judge might ask whether the plumber followed industry standards by comparing the work to what a typical licensed plumber in that region would have done.
Watch Out
If your contract promises to meet industry standards, make sure you actually know what those standards require, because ignorance of them is not a legal defense.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.