# Neighborhood Market

> Neighborhood Market means a pedestrian-oriented grocery store focused on serving the daily needs of surrounding residential areas, operates for

**Term:** Neighborhood Market  
**Last updated:** 2026-06-12

## Definition

Neighborhood Market means a pedestrian-oriented grocery store focused on serving the daily needs of surrounding residential areas, operates for a specified set of hours, and deals primarily in non-taxable goods.

## Context

### Relevant circumstances

- Establishing new neighborhood markets.
- Renegotiating leases for existing neighborhood markets.
- Licensing or franchising a neighborhood market brand.

### Relevant sectors

- Retail
- Real Estate
- Supply Chain Management

## Relevant contract types

- [Lease Agreement](https://www.genieai.co/en-us/template-type/lease-agreement)
- [Franchise Agreement](https://www.genieai.co/en-us/template-type/franchise-agreement)
- [Sales Agreement](https://www.genieai.co/en-us/template-type/sales-agreement)

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