course (noun, course, \ kɔːrs \) of dealing (noun, deal-ing, \ ˈdiːlɪŋ \)
Definition: Is a standardized pattern of business operations conducted by two organizations. Such a pattern is created over a certain period of time and usually includes several transactions made by the parties. The course of dealing is generally used to establish common ground between two organizations and is a trustworthy indicator of how the said parties plan to conduct business with each other in the future. This concept is also used in courts to get rid of any ambiguity that may be found in a contract signed by the two parties.
In a Sentence:
- The course of dealing we’ve already established with Energy Shark pretty much guarantees that any further cooperation between our two companies will be a success.
- During the last hearing, Union Trade LC brought up the course of dealing with Raymond’s & Co to prove the court that the services provided by the latter weren’t up to par.
- As it’s visible from the course of dealing, our company has always made its payments on time, so there’s no reason why Paper Mill should have delayed our shipment.
Synonyms and related words: course of performance, sale of goods, trade usage, secured transactions
