restraint of trade


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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.
References in periodicals archive ?
Using this broad interpretation of Endurance's "based upon or arising out of" policy language, the 1st Circuit found that the exclusion applied even to those claims that did not specifically mention restraint of trade.
On the restraint of trade point, one argument before the Court was that the lifetime ban does not prevent Chambers from working but, I would counter that by saying that it does prevent him from participating in the Olympics--the dream of every athlete--and, as such, gaining other lucrative work from being an Olympian and possibly a gold medallist in his event.
He said: "We're trying to renegotiate with clubs or find players a new club but we are faced with a restraint of trade.
This would involve taking a case of restraint of trade to the CAS and ensure that, rather than putting the issue behind him, Cole becomes a legal test case.
Get ready for sports sections to read more like Business Week than ever as the industry comes to grips with the implications of the baseball contract that makes Alex Rodriguez untradeable, of the football payroll caps that produce a numbing sort of parity, and of the Maurice Clarett legal challenge that attacks the NFL's draft-entry restrictions as restraint of trade.
Mullen ruled in April the law was an unconstitutional restraint of trade.
If the Scottish League say no, Bankies will go to court alleging restraint of trade.
He claims the current situation amounts to a restraint of trade - and he's going to war in the courts.
In fact, standardizing terms now constitutes restraint of trade and thus, can be considered a violation of the antitrust statutes.
A proprietary interest in data supporting an illegal activity, such as restraint of trade, is not enforceable.
Chambers had argued that the ban was an unfair restraint of trade.
The Claim alleges that the defendants coordinated the prices of certain Hewlett-Packard ("HP") ink cartridges sold by them, in a way that constitutes allegedly an agreement in restraint of trade.