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LSDefine

Simple English definitions for legal terms

rule of reason

Read a random definition: trade practice

A quick definition of rule of reason:

The rule of reason is a legal principle that applies to antitrust cases. It means that a business practice is only considered illegal if it unreasonably restricts competition. This is determined by looking at economic factors. The rule of reason is different from the per se rule, which assumes that certain practices are always illegal without considering their specific circumstances.

A more thorough explanation:

The Rule of Reason is a legal principle used in antitrust law. It states that a trade practice only violates the Sherman Antitrust Act if it is an unreasonable restraint of trade based on economic factors.

For example, if a company decides to merge with another company, the Rule of Reason would be used to determine if the merger would create a monopoly and harm competition. If the merger is found to be an unreasonable restraint of trade, it would be illegal under the Sherman Antitrust Act.

The Rule of Reason is different from the Per Se Rule, which assumes that certain practices are always illegal without considering their economic impact. The Rule of Reason allows for a more nuanced analysis of trade practices and their effects on competition.

rule of rank | rule of recognition

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
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
19:43
Indeed!
19:48
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!
TY
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
Feel like I can finally stop holding my breath!! Whew!!!
[] 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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