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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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SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
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Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
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wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
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[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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