Unchartered and uncharted

Is this area unchartered or uncharted?

Unchartered

Unchartered means without a charter or regulations. It is not used very often because it sounds a bit clumsy.

The organisation was unchartered.
The organisation did not have a charter. (simpler and better)

Uncharted

Uncharted means not mapped or unexplored.

The company was moving into uncharted waters.

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