Legal Definition of Statutory: Created by the enactment of a law, relating to a statute or law; existing as the result of a statute | Discover the Legal Definition of Statutory: Learn how this term, referring to something created by the enactment of a law, can impact your business. Gain valuable insights on statutory provisions in employment and intellectual property, and understand the importance of compliance to avoid legal consequences. Take the first step towards success by familiarizing yourself with this crucial legal concept