Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Sherman Antitrust Act

Read a random definition: uncounseled

A quick definition of Sherman Antitrust Act:

The Sherman Antitrust Act is a law that stops businesses from doing things that hurt competition and trade between states and countries. It says that no business can make a deal or work together with other businesses to stop competition. If a business breaks this law, they can get in big trouble. The government can even put them in jail! This law helps make sure that businesses play fair and don't cheat customers.

A more thorough explanation:

The Sherman Antitrust Act of 1890 is a federal law that prohibits activities that limit competition in the marketplace and restrict interstate commerce. It makes it illegal for businesses to engage in any contract, conspiracy, or combination that restrains foreign or interstate trade.

For example, if two companies agree to fix prices for a certain product, they would be violating the Sherman Act. This is because they are conspiring to limit competition and artificially inflate prices, which harms consumers.

The Sherman Act also prohibits monopolization or attempts to monopolize any aspect of interstate trade or commerce. This means that a company cannot use its dominant position in the market to exclude competitors or control prices.

For instance, if a company has a monopoly on a certain product and uses its power to drive out competitors, it would be violating the Sherman Act. This is because it is engaging in anti-competitive behavior that harms consumers and limits choice in the marketplace.

The penalties for violating the Sherman Act can be severe, including fines and even criminal prosecution in some cases. The law is enforced by the Department of Justice, which investigates and prosecutes violations of the Act.

Sheriff's sale | Shield laws

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.