- cartel
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I
noun
accord, accordance, affiliation, agreement, alliance, amalgamation, association, bloc, body corporate, coadjuvancy, coalition, colleagueship, combination, combine, common consent, community of interest, compact, concert, concord, concordance, concordat, concurrence, confederation, conjunction, consenus, consociation, consonancy, consort, consortium, contract, cooperation, covenant, federation, fusion, group, joint concern, league, merger, mutual understanding, organization, pact, sodality, syndicate, trust, union, unity
associated concepts: business cartel, international cartel
II
index
business (commercial enterprise), coalition, compact, confederacy (compact), consortium (business cartel), league, pool, syndicate, treaty, trust (combination of businesses)
Burton's Legal Thesaurus. William C. Burton. 2006
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n.A coalition of independent producers, usually industrial corporations, who band together to set prices and restrict competition. See also monopoly
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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A group of independent corporations or other entities that join together to fix prices, control distribution, or reduce competition. For exmple, OPEC (Organization of Petroleum Exporting Countries) is an intergovernmental organization that represents 13 oil producing countries. Many private (nongovernmental) cartels operate behind a veil of secrecy, particularly because they are illegal under United States antitrust laws (the Sherman and Clayton Acts).Category: Business, LLCs & CorporationsCategory: Criminal LawCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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1) The term cartel is used to describe any association or arrangement between two or more competitors that is designed to reduce competition between them and so increase prices or profitability beyond the level that could be achieved competitively. Common examples of cartel activity include price fixing, market sharing and bid rigging. Cartels are usually secret and informal. They are strictly prohibited under competition law.2) The co-operation of companies in a related industry to set prices and avoid competition.Related links+ cartelUSAAn agreement between actual or potential competitors that sets, increases or stabilizes their prices or that has an equivalent effect. Examples of cartels include agreements to:• Allocate markets or customers.• Limit output, sales volumes or capacity.• Impose certain sales, credit or delivery terms.• Rig bids.The agreements are usually secret and informal. Cartel agreements are per se illegal under Section 1 of the Sherman Act (see Practice Note, Overview of US Antitrust Laws: Per Se Illegality (www.practicallaw.com/9-204-0472)).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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n. A group of independent producers or sellers in a particular industry, or a group of businesses with a common interest, who have joined together to reduce competition between themselves by allocating markets, sharing knowledge, or controlling the price and production of a product or service.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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A combination of producers of any product joined together to control its production, sale, and price, so as to obtain a monopoly and restrict competition in any particular industry or commodity.Cartels exist primarily in Europe, being illegal in the United States by antitrust laws.Also, an association by agreement of companies or sections of companies having common interests, designed to prevent extreme or unfair competition and allocate markets, and to promote the interchange of knowledge resulting from scientific and technical research, exchange of patent rights, and standardization of products.In war, an agreement between two hostile powers for the delivery of prisoners or deserters, or authorizing certain nonhostile intercourse between each other that would otherwise be prevented by the state of war, for example, agreements between enemies for intercommunication by post, telegraph, telephone, or railway.
Dictionary from West's Encyclopedia of American Law. 2005.
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A combination of producers of any product joined together to control its production, sale, and price, so as to obtain a monopoly and restrict competition in any particular industry or commodity.Cartels exist primarily in Europe, being illegal in the United States by antitrust laws.Also, an association by agreement of companies or sections of companies having common interests, designed to prevent extreme or unfair competition and allocate markets, and to promote the interchange of knowledge resulting from scientific and technical research, exchange of patent rights, and standardization of products.In war, an agreement between two hostile powers for the delivery of prisoners or deserters, or authorizing certain nonhostile intercourse between each other that would otherwise be prevented by the state of war, for example, agreements between enemies for intercommunication by post, telegraph, telephone, or railway.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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n.1) an arrangement among supposedly independent corporations or national monopolies in the same industrial or resource development field organized to control distribution, set prices, reduce competition, and sometimes share technical expertise. Often the participants are multinational corporations which operate across numerous borders and have little or no loyalty to any home country, and great loyalty to profits. The most prominent cartel is OPEC (Organization of Petroleum Exporting Countries), which represents all of the oil producing countries in the Middle East, North Africa and Venezuela. Many cartels operate behind a veil of secrecy, particularly since under American antitrust laws (the Sherman and Clayton Acts) they are illegal.2) a criminal syndicate like the international drug cartel headquartered in Colombia.See also: antitrust laws
Law dictionary. EdwART. 2013.
