restraint of trade

restraint of trade
Combinations and practices interfering unreasonably with the normal production and supply of commodities by the suppression of competition therein, or by other means; an instrument of monopoly. 36 Am J1st Monop etc § 2. A contractual restriction upon the right of a person to engage in a trade, business, or profession. 36 Am J1st Monop etc §§ 50 et seq. Contracts, associations, and combinations which are only in partial and reasonable restraint of trade are generally regarded as valid. 36 Am J1st Monop etc § g.

Ballentine's law dictionary. . 1998.

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