Examlex
General partnerships are legally formed by filing a partnership agreement with the state in which the partnership will be formed.
General partnerships may be formed by written agreement among the partners, called a partnership agreement, or may be formed informally without a written agreement when two or more owners join together in an activity to generate profits.
McCarran-Ferguson Act
U.S. federal law enacted in 1945 that allows states to regulate the insurance industry, primarily declaring that state insurance laws supersede most federal regulations.
Antitrust Liability
Legal responsibility incurred due to violating antitrust laws, which aim to promote competition and protect consumers from monopolistic practices.
Trade and Commerce
Activities involving the exchange of goods and services between businesses or entities across geographical boundaries.
Robinson-Patman Act
A United States federal law designed to prevent anticompetitive practices by producers, specifically price discrimination.
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