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restraint of trade

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
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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