noun a practice or agreement that limits free competition in the marketplace
preposition the word 'of' in this phrase indicates a relationship between 'restraint' and 'trade'
In the context of international trade agreements, restraint of trade may refer to tariffs or trade barriers that limit the free flow of goods and services between countries.
Restraint of trade clauses in contracts are subject to scrutiny under contract law to ensure they are reasonable and do not unduly restrict competition.
In employment law, restraint of trade can refer to clauses in contracts that limit an employee's ability to work for a competitor after leaving their current job.
In business law, restraint of trade refers to agreements or practices that restrict free competition in the marketplace, such as non-compete clauses in employment contracts.
Under antitrust law, restraint of trade refers to actions that prevent or restrict competition, such as price fixing or market allocation agreements.
In the publishing industry, writers may encounter restraint of trade clauses in their contracts with publishers that limit their ability to work with other publishers or in certain genres.
Psychologists may face restraint of trade issues when they are bound by non-compete agreements with their employers or when they are restricted from practicing in certain geographical areas after leaving a job.
Athletes may be subject to restraint of trade clauses in their contracts with sports teams or leagues that limit their ability to compete for other teams or in other leagues during certain periods.
Lawyers may encounter restraint of trade issues when they are restricted from practicing in certain areas of law or from soliciting clients from previous employers due to non-compete agreements.