restraint of trade
Market competition limitation
Restraint of trade refers to any agreement, contract, or business practice that limits competition or restricts someone's ability to conduct business freely.
The term appears most often in legal contexts: antitrust laws prohibit unreasonable restraints of trade such as price-fixing, market allocation, or monopolistic behavior.
Employment contracts may include restraint-of-trade clauses preventing workers from joining competitors: The non-compete agreement was struck down as an unlawful restraint of trade.
- non-compete clausesAgreements barring rival employment
- monopolyOne seller, no substitutes
- antitrustAgainst corporate market dominance
- cartelPrice-fixing coalition
- Clayton ActFederal antitrust statute
competition · big business · injunction · price fixing · collusion · bid rigging · legal · market manipulation · predatory pricing · price war · market dominance · market share · damages · trust busting · business practices · corporate merger · market power · trespass
restraint of tradefree trade
Unrestricted international exchange
free enterprise · free market · open market · free competition · economic freedom
restraint of tradefree competition
Unrestricted commercial rivalry
perfect competition · competitive market · competitive pricing · fair competition · open competition
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