restraint of trade

restraint of trade
action tending to interrupt the free flow of goods and services, as by price fixing and other practices that have the effect of reducing competition.

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Preventing of free competition in business by some action or condition such as price-fixing or the creation of a monopoly.

The U.S. has a long-standing policy of maintaining competition among business enterprises through antitrust laws, the best-known of which, the Sherman Antitrust Act of 1890, declared illegal "every contract, combination...or conspiracy in restraint of trade or commerce."

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Universalium. 2010.

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Look at other dictionaries:

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  • restraint of trade — ► COMMERCE an illegal agreement that damages someone s ability to do business: »Any contract which interferes with the free exercise of his trade or business is a contract in restraint of trade. → See also PRICE RESTRAINT(Cf. ↑price restraint),… …   Financial and business terms

  • restraint of trade — n. interruption of the free movement of goods in commerce; restriction or prevention of business competition, as by monopoly, price fixing, etc …   English World dictionary

  • Restraint of trade — Contract law Part o …   Wikipedia

  • restraint of trade — Combinations and practices interfering unreasonably with the normal production and supply of commodities by the suppression of competition therein, or by other means; an instrument of monopoly. 36 Am J1st Monop etc § 2. A contractual restriction… …   Ballentine's law dictionary

  • restraint of trade — Synonyms and related words: arrest, arrestation, balance of trade, big business, business, business dealings, check, commerce, commercial affairs, commercial relations, constraint, control, cooling, cooling down, cooling off, curb, curtailment,… …   Moby Thesaurus

  • restraint of trade — noun any act that tends to prevent free competition in business • Hypernyms: ↑restraint …   Useful english dictionary

  • restraint of trade — noun Law 1》 action that interferes with free competition in a market. 2》 a clause in a contract that restricts a person s right to carry on their trade or profession …   English new terms dictionary

  • restraint of trade — A term in a contract that restricts a person s right to carry on his or her trade or profession. An example, in a contract covering the sale of a business, would be a clause that attempts to restrict the seller s freedom to set up in competition… …   Big dictionary of business and management

  • restraint of trade — /rɪˌstreɪnt əv treɪd/ noun 1. a situation where employees are not allowed to use their knowledge in another company if they change jobs 2. an attempt by companies to fix prices, create monopolies or reduce competition, which could affect free… …   Marketing dictionary in english

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