- Sherman Antitrust Act
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n.A federal statute passed in 1890 to prevent monopolies and restrictions on free and open interstate and foreign commerce; see also antitrust, Clayton Act
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- Sherman Antitrust Act
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A federal antitrust law, enacted in 1890, that prohibits direct or indirect interference with interstate trade. This Act was amended by the Clayton Act in 1914.Category: Business, LLCs & CorporationsCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- Sherman Antitrust Act
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Sherman Antitrust Act (Sherman Act)USAThe federal statute prohibiting contracts, combinations or conspiracies that restrain interstate or foreign trade. The Sherman Act also prohibits a person from monopolizing or attempting to monopolize any part of interstate commerce by anticompetitive means. It does not prohibit natural monopolies or monopolies created through effective competition.See also Clayton Antitrust Act.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- Sherman Antitrust Act
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n. The definitive antitrust statute, passed by Congress in 1890, that prohibits monopolies or unreasonable combinations of companies to restrict or in any way control interstate commerce. Specifically outlawed is two or more persons engaging in monopolistic practices, such as price fixing, although it does not outlaw price-fixing per se. It was amended in 1914 by the Clayton Act, which outlaws interlocking directorates and deals with acquisitions that aim to restrain or eliminate competition.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.