total restraint of trade

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Definition of total restraint of trade in English English dictionary
restraint of trade: An agreement that prevents fair competition on the open market, such as an agreement by one party to hire a second party to work within a profession on the condition that the second party will not compete against the first
restraint of trade: union that determines uniform prices in a market, monopoly, cartel
restraint of trade: any act that tends to prevent free competition in business
restraint of trade: An action or condition that tends to prevent free competition in business, as the creation of a monopoly or the limiting of a market. Preventing of free competition in business by some action or condition such as price-fixing or the creation of a monopoly. The U.S. has a long-standing policy of maintaining competition among business enterprises through antitrust laws, the best-known of which, the Sherman Antitrust Act of 1890, declared illegal "every contract, combination...or conspiracy in restraint of trade or commerce

total restraint of trade

Hyphenation

to·tal re·straint of trade

tōtıl ristreynt ıv treyd

/ˈtōtəl rēˈstrānt əv ˈtrād/ /ˈtoʊtəl riːˈstreɪnt əv ˈtreɪd/

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