resale price maintenance

resale price maintenance
An agreement between a manufacturer and retailer that the latter should not resell below a specified minimum price. Such schemes operate to prevent price competition between the various dealers handling a given manufacturer's product with the manufacturer generally suggesting an appropriate resale price and enforcing dealer acquiescence through some form of coercive sanction. Donahue v. Pendleton Woolen Mills, Inc., D.C.N.Y., 633 F.Supp. 1423, 1428.
Until 1976, federal statutes exempted such state-permitted agreements from antitrust actions.
See also vertical price-fixing contract

Black's law dictionary. . 1990.

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