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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  • 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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