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Simple English definitions for legal terms

Resale Price Maintenance Agreements

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A quick definition of Resale Price Maintenance Agreements :

Resale Price Maintenance Agreements (RPM) are agreements between sellers and resellers that set a minimum or maximum price for a product. In the past, these agreements were illegal, but now they are analyzed under the rule of reason. However, some states still have their own laws that treat RPM unfavorably.

A more thorough explanation:

Resale Price Maintenance Agreements (RPM) are agreements between resellers and manufacturers that set a minimum or maximum price for a product. For example, a manufacturer may require that a reseller sell their product at a minimum price of $50 or a maximum price of $100.

These agreements used to be illegal under federal antitrust law, but in 1997 the U.S. Supreme Court changed the rules. Now, RPM agreements are subject to the "rule of reason" which means they are analyzed on a case-by-case basis to determine if they are anti-competitive.

However, some states have their own antitrust laws that are more strict than federal law. For example, in Maryland and California, RPM agreements are considered illegal no matter what. In New York, pricing arrangements are unenforceable but not actionable, and in Illinois, vertical price arrangements are regularly challenged.

Overall, RPM agreements can be a way for manufacturers to control the price of their products, but they must be careful not to violate antitrust laws.

A manufacturer of high-end headphones requires that all resellers sell their product at a minimum price of $200. This is an example of a minimum RPM agreement.

Another example is a manufacturer of a popular toy requiring that all resellers sell their product at a maximum price of $50. This is an example of a maximum RPM agreement.

These examples illustrate how RPM agreements can be used to control the price of a product and ensure that it is sold at a certain price point. However, if these agreements are found to be anti-competitive, they may be illegal under antitrust laws.

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22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
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