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Define: "Vendor lock-in"

The corporate definition of Vendor lock-in

What HR thinks it means:

A situation where a customer becomes dependent on a vendor for products and services.

What it actually means:

"We are financially trapped by this licensing model and will never escape."

Use it in a meeting:

"We are suffering from terminal vendor lock-in because our previous CTO signed a five-year contract in exchange for a nice steak dinner."

Related Terminology

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