Definition of restraint of trade in English:

restraint of trade


  • 1[mass noun] Action that interferes with free competition in a market.

    • ‘The Court held that picketing could also be a tool of economic coercion and restraint of trade, and hence could be regulated.’
    • ‘The original Sherman Anti-Trust Act of 1890 forbade any action that was a ‘conspiracy in restraint of trade or commerce among the several States or with foreign nations.’’
    • ‘‘Antitrust laws apply to any restraint of trade,’ Donovan explains.’
    • ‘In fact, it doesn't happen to be a customer of ours, but there is a very, very large chain that recently filed suit against one of the hair product providers, suing them for restraint of trade.’
    • ‘Therefore, to ensure that markets work effectively, regulation is needed to prevent collective and individual monopolies from operating in restraint of trade.’
    1. 1.1[count noun]A clause in a contract that restricts a person's right to carry on their trade or profession.
      • ‘First, a number of individual players have challenged such rules before common law courts as unreasonable restraints of trade.’
      • ‘The strategy backfired, however; chiropractors in 1976 filed an antitrust suit alleging illegal restraint of trade against a licensed profession, and a decade later won a stunning victory in federal court.’
      • ‘All interference with individual liberty of action in trading, and all restraints of trade of themselves, if there is nothing more, are contrary to public policy, and therefore void.’
      • ‘The former clause, was modelled on developments in English soccer, after Eastham v Newcastle United Football Club found English soccer's transfer system to be an unreasonable restraint of trade.’
      • ‘The courts have, generally speaking, followed the approach of the High Court in Buckley v Tutty, in striking down labour-market rules leagues have imposed on players, as unreasonable restraints of trade.’