What does restraint of trade mean?

Definitions for restraint of trade
re·straint of trade

Here are all the possible meanings and translations of the word restraint of trade.

Princeton's WordNet

  1. restraint of trade(noun)

    any act that tends to prevent free competition in business

Wiktionary

  1. restraint of trade(Noun)

    An agreement that prevents fair competition on the open market, such as an agreement by one party to hire a second party to work within a profession on the condition that the second party will not compete against the first.

Freebase

  1. Restraint of trade

    Restraint of trade is a common law doctrine relating to the enforceability of contractual restrictions on freedom to conduct business. In an old leading case of Mitchell v Reynolds Lord Smith LC said, "it is the privilege of a trader in a free country, in all matters not contrary to law, to regulate his own mode of carrying it on according to his own discretion and choice. If the law has regulated or restrained his mode of doing this, the law must be obeyed. But no power short of the general law ought to restrain his free discretion." A contractual undertaking not to trade is void and unenforceable against the promisor as contrary to the public policy of promoting trade, unless the restraint of trade is reasonable to protect the interest of the purchaser of a business. Restraints of trade can also appear in post-termination restrictive covenants in employment contracts.

How to pronounce restraint of trade?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say restraint of trade in sign language?

  1. restraintoftrade

Numerology

  1. Chaldean Numerology

    The numerical value of restraint of trade in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of restraint of trade in Pythagorean Numerology is: 4

Images & Illustrations of restraint of trade

  1. restraint of traderestraint of traderestraint of traderestraint of traderestraint of trade

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    "restraint of trade." Definitions.net. STANDS4 LLC, 2020. Web. 27 Nov. 2020. <https://www.definitions.net/definition/restraint+of+trade>.

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