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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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im premed idk why im here
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we’re like cool and sexy and fun I get it
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true i love ur user
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thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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