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restraint of trade

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
restraint of trade,
an illegal act that interferes with free competition in a commercial or business transaction so as to restrict the production of a product or the provision of a service, affect the cost of a product or a service, or control the market in any way to the detriment of the consumers or purchasers of the service or product. The Clayton Act and the Sherman Antitrust Act are U.S. federal statutes that embody the basic concepts of the definition and the illegal nature of restraint of trade.

restraint of trade,
n an illegal act that interferes with free competition in a commercial or business transaction so as to restrict the production of a product or the provision of a service, affect the cost of a product or service, or control the market in any way to the detriment of consumers or purchasers of the service or product.


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IT is baffling that any restriction was placed on the operation of the new Liverpool landing stage as a cruise terminal in the first place; such a restriction seems to me to be a contract in restraint of trade and therefore of questionable legality.
IT is baffling that any restriction was placed on the operation of the new Liverpool landing stage as a cruise terminal in the first place; such a restriction seems to me to be a contract in restraint of trade and therefore of questionable legality.
Chambers had argued that the ban was an unfair restraint of trade.
 
 
 
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