Clayton Act

Clayton Act
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. . 2008.


Clayton Act
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. . 2001.


Clayton Act
Clayton Antitrust Act (Clayton Act)
USA
The 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.

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


Clayton Act
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.

Webster's New World Law Dictionary. . 2000.


Clayton Act
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.

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Look at other dictionaries:

  • Clayton Act — Clayton Antitrust Act Aux États Unis, le Clayton Antitrust Act du 15 octobre 1914 fut voté pour remédier aux insuffisances du Sherman Antitrust Act de 1890, la première loi du droit moderne de la concurrence rendant illégales certaines pratiques… …   Wikipédia en Français

  • Clayton Act — 1914 in Ergänzung zum ⇡ Sherman Act verabschiedetes amerikanisches Antitrust Gesetz mit dem Ziel, durch den Sherman Act nicht erfasste Wettbewerbsbeschränkungen zu verbieten und somit die Monopolisierung im Ansatz zu unterbinden (sog. Incipiency… …   Lexikon der Economics

  • Clayton Act — A Federal law enacted in 1914 as amendment to the Sherman Antitrust Act dealing with antitrust regulations and unfair trade practices. 15 U.S. C.A. No.No. 12 27. The Act prohibits price discrimination, tying and exclusive dealing contracts,… …   Black's law dictionary

  • Clayton Act — A Federal law enacted in 1914 as amendment to the Sherman Antitrust Act dealing with antitrust regulations and unfair trade practices. 15 U.S. C.A. No.No. 12 27. The Act prohibits price discrimination, tying and exclusive dealing contracts,… …   Black's law dictionary

  • Clayton Act — A US anti trust law passed in 1914; it placed restrictions on mergers and acquisitions that limited competition and debarred individuals from holding directorships on the boards of competing companies …   Big dictionary of business and management

  • Clayton Act — A federal statute, approved by the President on October 15, 1914. having the purpose of protecting the public against the evils resulting from a lessening of competition, and forbidding certain practices in business which reduce competition and… …   Ballentine's law dictionary

  • Clayton Antitrust Act — A federal antitrust law, enacted in 1914, that amended and expanded upon the Sherman Act (enacted in 1890), which prohibits direct or indirect interference with interstate trade. Category: Business, LLCs & Corporations Category: Small Claims… …   Law dictionary

  • Clayton, Alabama —   Town   Courthouse Square in Clayton …   Wikipedia

  • Clayton Antitrust Act — The Clayton Antitrust Act of 1914 (Pub.L. 63 212, 38 Stat. 730, enacted October 15, 1914, codified at 15 U.S.C. §§ 12–27, 29 U.S.C. §§ 52–53), was enacted in the United States to add further substance to the U.S …   Wikipedia

  • Clayton Antitrust Act — Aux États Unis, le Clayton Antitrust Act du 15 octobre 1914 fut voté pour remédier aux insuffisances du Sherman Antitrust Act de 1890, la première loi du droit moderne de la concurrence rendant illégales certaines pratiques anticoncurrentielles.… …   Wikipédia en Français

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