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Vendor Lock-In
Definition
Being stuck with a vendor because switching is too difficult or expensive.
In Plain English
Vendor lock-in is like being trapped in a bad lease—leaving costs more than staying.
Real-World Example
If your website only works with one specific developer's custom system, you are locked in.
Why It Matters for Your Work
Lock-in limits options and negotiating power. Switching costs can be enormous.
Common Mistake
Not considering exit strategy when choosing vendors. Always ask: how do I leave?
Related Terms
View SaaS
SaaS
Software as a Service—software you rent through a subscription instead of buying outright.