restraint of trade

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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
union that determines uniform prices in a market, monopoly, cartel
any act that tends to prevent free competition in business
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
restraint of trade

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    re·straint of trade

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    /rēˈstrānt əv ˈtrād/ /riːˈstreɪnt əv ˈtreɪd/

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