- Clayton Act
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n.A federal statute that amends the Sherman Antitrust Act by prohibiting price discrimination and regulating mergers and contracts that might inhibit competition.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- Clayton Act
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a US statute that prohibits certain practices like price discrimination and exclusive dealing where goods are sold for use, consumption or resale in the USA. Mergers are restricted under the Act.
Collins dictionary of law. W. J. Stewart. 2001.
- Clayton Act
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Clayton Antitrust Act (Clayton Act)USAThe Clayton Act supplements and clarifies the other antitrust regulations under the Sherman Act. In particular, it prohibits certain types of conduct that may be harmful to competition, such as:• Price discrimination.• Exclusive dealing arrangements.• tying arrangements.• Certain M&A transactions.In each of the above cases, the conduct is only prohibited if it substantially lessens competition or may create a monopoly.In addition, subject to some exceptions, the Clayton Act prohibits individuals from being a director for two or more competitors.The Clayton Act is enforced by the Federal Trade Commission and the Antitrust Division of the Department of Justice. Private parties are also permitted to sue for damages (including punitive damages) and injunctive relief if they are injured by conduct prohibited by this Act.See also Sherman Antitrust Act.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- Clayton Act
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n. A federal statute, adopted in 1914, that amends the Sherman Antitrust Act and prohibits certain business practices, such as price discrimination as well as particular mergers and acquisitions, if the practice might substantially reduce competition or create a monopoly in a line of commerce.See also antitrust law, Sherman Antitrust Act.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
- Clayton Act
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A federal law which is an amendment to the Sherman Act dealing with antitrust regulations and unfair trade practices.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.