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Vertical Restraints
Business practices and contractual agreements between companies at different levels of the supply chain that restrict how a product or service can be sold.
Rule Of Reason
A legal doctrine used in antitrust law to determine if a business practice is permissible based on its procompetitive versus anticompetitive effects.
Vertical Restraint
Describes any restriction in a supply chain imposed by a company at one level (e.g., manufacturer) on a company at a different level (e.g., distributor), often affecting how the latter can sell or price its products.
Sherman Act
A landmark federal statute in U.S. antitrust law prohibiting monopolistic practices and promoting competition.
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