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LSDefine

Simple English definitions for legal terms

rule of reason

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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
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
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