Definition of resale price maintenance in English:

resale price maintenance

Line breaks: re¦sale price main|ten|ance

noun

[mass noun] British
An agreement between a manufacturer and a wholesaler or retailer not to sell a product below a specified price.
More example sentences
  • But I have never seen any economic analysis that shows how manufacturer-imposed resale price maintenance, closed dealer territories, customer allocation clauses, or the like can have the net effect of restricting output.
  • For three decades over-the-counter medicines have been exempt from a general ban on resale price maintenance - it was allowed to remain on the products to protect small chemist's shops because of the threat from supermarkets.
  • These rules will, however, be breached where you directly or indirectly fix the price at which a customer who purchases products from you resells those products. This is known as resale price maintenance.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day nous
Pronunciation: naʊs
noun
common sense; practical intelligence