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Research and Development
A systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge.
Rule of Reason
A doctrine developed by the United States Supreme Court in antitrust litigation, which states that not all actions deemed to restrain trade are automatically illegal, but must be evaluated on a case-by-case basis.
Joint Ventures
A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity, with profits and losses shared among them.
Sherman Act
A foundational antitrust law in the United States that outlaws monopolistic practices and promotes competition.
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