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Simple English definitions for legal terms

Webb–Pomerene Act

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A quick definition of Webb–Pomerene Act:

The Webb-Pomerene Act is a law that helps American businesses sell their products to other countries. It allows them to work together in groups called export associations, so they can compete with other countries' groups. But, they can't agree with those other groups to set prices or control who can buy the products. The law was made in 1918 and is still used today.

A more thorough explanation:

The Webb–Pomerene Act is a federal law that was first passed in 1918. It provides a limited exemption for export businesses from the antitrust laws. This means that an export business can form joint export associations without violating antitrust laws.

The purpose of the Webb–Pomerene Act is to help American manufacturers and producers to expand their foreign trade. Congress believed that American firms needed the power to form joint export associations to compete with foreign cartels. However, the exemption created by the Webb–Pomerene Act was carefully designed to avoid harming domestic interests.

It's important to note that an export association formed under the Webb–Pomerene Act cannot agree with foreign competitors to fix prices or establish exclusive markets. This would still be a violation of antitrust laws.

An American company that produces widgets wants to expand its business by exporting widgets to other countries. However, the company is concerned that it won't be able to compete with foreign cartels that control the widget market in those countries. To level the playing field, the company forms a joint export association with other American widget producers under the Webb–Pomerene Act. This allows them to work together to export widgets without violating antitrust laws.

In this example, the American widget producers are able to form a joint export association under the Webb–Pomerene Act to compete with foreign cartels without breaking antitrust laws.

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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.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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