Restrictive trade agreements refer to contracts or agreements between businesses that limit competition and restrict free trade. These agreements often involve practices such as price fixing, market sharing, and exclusive dealing.
Related terms
Sherman Antitrust Act: This legislation passed in 1890 aimed to prevent monopolies and restrain unfair business practices that restricted competition.
Clayton Antitrust Act: Enacted in 1914, this act strengthened antitrust laws by prohibiting certain anti-competitive actions like price discrimination and tying contracts.
Federal Trade Commission (FTC): Established in 1914, the FTC is responsible for enforcing consumer protection laws and promoting fair competition in the market.