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restraint of trade

n. in antitrust law, any activity (including agreements among competitors or companies doing business with each other) which tends to limit trade, sales and transportation in interstate commerce or has a substantial impact on interstate commerce. Most of these actions are illegal under the various antitrust statutes. Some state laws also outlaw local restraints on competitive business activity.

See also: monopoly  trust  antitrust laws 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications