- restrictive trade practices
- Agreements between traders that are not considered to be in the public interest. Under the Competition Act (1998) any agreement between two or more suppliers of goods or services restricting prices, conditions of sale, quantities offered, processes, areas and persons to be supplied, etc. , must be registered with the office of Fair Trading and, where appropriate, investigated by the Office of Fair Trading Such agreements are presumed to be contrary to the public interest unless the parties are able to prove to the court that the agreement is beneficial.
Big dictionary of business and management. 2014.
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restrictive trade practices — /rɪˌstrɪktɪv treɪd ˌpræktɪsɪz/, restrictive practices /rɪˌstrɪktɪv præktɪsɪz/ plural noun 1. an arrangement between companies to fix prices or to share the market in order to restrict trade 2. ways of working which make people less free (such as… … Dictionary of banking and finance
restrictive trade practices — /rɪˌstrɪktɪv treɪd ˌpræktɪsɪz/ plural noun an arrangement between companies to fix prices or to share the market in order to restrict trade … Marketing dictionary in english
restrictive trade practices controller — supervisor over union actions which determine singular market prices … English contemporary dictionary
restrictive trade practices court — legislative tribunal which decides in issues dealing with unions which set singular market prices … English contemporary dictionary
restrictive trade practices law — law which prohibits building monopolies which determine uniform market prices unless they are authorized for the public good … English contemporary dictionary
Trade Practices Act 1974 — The Trade Practices Act 1974 is an act of the Parliament of Australia. The act provides for protection of consumers and prevents some restrictive trade practices of companies. It is the key antitrust law in Australia. It is administered by the… … Wikipedia
restrictive — re‧stric‧tive [rɪˈstrɪktɪv] adjective 1. greatly limiting or controlling what is allowed to happen: • The rest of Europe kept interest rates high to match the Bundesbank s restrictive monetary policies. • Environmentalists have drafted another… … Financial and business terms
Restrictive Practices Court — The Restrictive Practices Court is a senior court of record in the United Kingdom. It was created in 1956 to foster competition through enforcement of the Restrictive Trade Practices Act 1956. [Restrictive Practices Court Act 1956] Though the… … Wikipedia
restrictive covenant — 1) A clause in a contract that restricts the freedom of one of the parties in some way. Employment contracts, for example, sometimes include a clause in which an employee agrees not to compete with the employer for a specified period after… … Big dictionary of business and management
restrictive practice — UK US noun [C] UK ► [often plural] HR, WORKPLACE a limit placed by a trade union on the types of work that its members can do: »The union has imposed restrictive practices and is inflexible in its demands. ► (also restrictive trade practice, also … Financial and business terms