Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Sherman Antitrust Act (U.S. Law)”

  • Sherman Antitrust Act (U.S. Law)

    Passed by Congress in 1890, it prohibits contracts and conspiracies in restraint of trade, conspiracies to monopolize trade, and attempts to monopolize. The act makes price fixing, bid rigging, territorial market allocation, and some types of tying arrangements and boycotts illegal. (Business, 2002)

    See Also: Price Fixing, Tying Arrangement, Clayton Act (The Clayton Anti-Trust Act) (U.S. Law)