Red zones will be subject to a crime and reputation system that makes sure that killing peaceful players. Our goal for the red zones is for them to be zones more aimed solo and small group players, and not be as dominated by the larger territory-holding guilds as they currently are. This should make them attractive zones for higher end gathering and PvE and small scale PvP fights.
When it comes to black zones of the game, it's a larger portion of the game, there have the highest end resources are only found there. Black zones will also contain open world buildings that provide certain benefits and influence to the owning guild and can be constructed, claimed and destroyed relatively freely.
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Source from: http://www.upalbion.com/news/The-Introduction-Of-Albion-Online-Red-Zones-And-Black-Zones-21164