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.
[1885-90]

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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 — 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

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  • 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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