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Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

combination in restraint of trade

An express or tacit agreement between two car more persons or entities designed to raise prices, reduce output, or create a monopoly. combination patent. See PATENT (3).

conspiracy in restraint of trade

See RESTRAINT OF TRADE.

promise in restraint of trade

See PROMISE.

restraint of trade

Antitrust. An agreement between or combination of businesses intended to eliminate competition, create a monopoly, artificially raise prices, or otherwise adversely affect the free market. ( Restraints of trade are usu. illegal, but may be declared reasonable if they are in the best interests of both the parties and the public. - Often shortened to restraint. - Also termed conspiracy in restraint of trade. See PER SE RULE; RULE OF REASON.

unreasonable restraint of trade

A restraint of trade that produces a significant anticompetitive effect and thus violates antitrust law.