restraint of trade

restraint of trade
restraint of trade
1: an act, fact, or means of curbing the free flow of commerce or trade
covenant not to compete with an employer after leaving is in restraint of trade and must be reasonable to be enforced
2: an attempt or intent to eliminate or stifle competition, to effect a monopoly, to maintain prices artificially, or otherwise to hamper or obstruct the course of trade and commerce as it would be if left to the control of natural and economic forces
the Sherman Antitrust Act declared every contract, combination, and conspiracy in restraint of trade to be illegal; also: the means (as a contract or combination) employed in such an endeavor see also horizontal restraint, per se rule 2, rule of reason, vertical restraint; sherman antitrust act in the important laws section

Merriam-Webster’s Dictionary of Law. . 1996.

restraint of trade
n.
Contracts or agreements between businesses that restrict free competition, control the market, and encourage monopolies; see also Sherman Antitrust Act

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


restraint of trade
Any activity (including agreements among competitors or companies doing business with each other) that tends to limit trade, sales, and transportation in interstate commerce or has a substantial impact on interstate commerce. Most restraints of trade are illegal under various antitrust statutes. Some state laws also outlaw local restraints on competitive business activity. (See also: monopoly)
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

restraint of trade
The principle that a covenant restricting the freedom of an individual, or organisation, to do as they or it likes will be void unless it is:
• Designed to protect legitimate business interests.
• No wider than reasonably necessary to protect those interests.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


restraint of trade
Contracts or combinations that tend, or are designed, to eliminate or stifle competition, create a monopoly, artificially maintain prices, or otherwise hamper or obstruct the course of trade as it would be carried on if it were left to the control of natural economic forces.

Dictionary from West's Encyclopedia of American Law. 2005.


restraint of trade
Contracts or combinations that tend, or are designed, to eliminate or stifle competition, create a monopoly, artificially maintain prices, or otherwise hamper or obstruct the course of trade as it would be carried on if it were left to the control of natural economic forces.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

restraint of trade
n.
   in antitrust law, any activity (including agreements among competitors or companies doing business with each other) which tends to limit trade, sales and transportation in interstate commerce or has a substantial impact on interstate commerce. Most of these actions are illegal under the various antitrust statutes. Some state laws also outlaw local restraints on competitive business activity.
   See also: antitrust laws, monopoly, trust

Law dictionary. . 2013.

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  • 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] * * * Preventing of free competition in business by some action or condition such as… …   Universalium

  • restraint of trade — Synonyms and related words: arrest, arrestation, balance of trade, big business, business, business dealings, check, commerce, commercial affairs, commercial relations, constraint, control, cooling, cooling down, cooling off, curb, curtailment,… …   Moby Thesaurus

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  • restraint of trade — A term in a contract that restricts a person s right to carry on his or her trade or profession. An example, in a contract covering the sale of a business, would be a clause that attempts to restrict the seller s freedom to set up in competition… …   Big dictionary of business and management

  • 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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