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 ?
On March 21, 2005, after a four-week trial, the jury found that Tyco had unlawfully maintained monopoly power, and that Tyco's sole-source agreements, bundling of unrelated products, market-share based compliance pricing contracts and co-marketing agreements with patient monitoring companies were unlawful restraints of trade and exclusionary dealing arrangements.
court accepts that BA must now answer our case in the United States in relation to BA's blatant attempt to monopolize the market in transatlantic air passenger services, BA's use of its dominance at Heathrow and Gatwick unlawfully to obtain an unfair competitive advantage on the North Atlantic and BA's exercise of unreasonable restraints of trade.
The suit alleged that NOA licensing agreements with game publishers constituted unreasonable restraints of trade.