Definition of restraint of trade in English:
noun[mass noun] Law
1Action that interferes with free competition in a market.
- The original Sherman Anti-Trust Act of 1890 forbade any action that was a ‘conspiracy in restraint of trade or commerce among the several States or with foreign nations.’
- Therefore, to ensure that markets work effectively, regulation is needed to prevent collective and individual monopolies from operating in restraint of trade.
- ‘Antitrust laws apply to any restraint of trade,’ Donovan explains.
1.1 [count noun] A clause in a contract that restricts a person’s right to carry on their trade or profession.
- All interference with individual liberty of action in trading, and all restraints of trade of themselves, if there is nothing more, are contrary to public policy, and therefore void.
- First, a number of individual players have challenged such rules before common law courts as unreasonable restraints of trade.
- The courts have, generally speaking, followed the approach of the High Court in Buckley v Tutty, in striking down labour-market rules leagues have imposed on players, as unreasonable restraints of trade.
Definition of restraint of trade in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan