rule of reason

noun

  • Business (Corporate) Law/Company Law
  • Competition Law

Definitions of rule of reason

  • a US legal doctrine under which only mergers and contracts etc that unreasonably restrain trade are subject to actions under competition law, and that possession of monopoly power is not illegal per se (=in itself)

    The US legislation provides that qualifying joint ventures will be judged under a "rule of reason" standard under conspiracy laws and not considered illegal per se.

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Phrase Bank for rule of reason

Additional Notes for rule of reason