Concept information
Preferred term
restraint of trade
Definition
- Restraint of trade, defined broadly, is a contractual limitation on business dealings or professional or gainful occupations, and is legal or illegal, ethical or unethical depending on its effect. If the restraint is in the best interests of both the parties and the public, then it is not illegal. [Source: Encyclopedia of Business Ethics and Society; Restraint of Trade]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/restraint_of_trade
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