rule of reason

rule of reason
A doctrine in antitrust law which applies to contracts which "unreasonably" inhibit trade.

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  • rule of reason — rule of reason: a standard used in restraint of trade actions that requires the plaintiff to show and the factfinder to find that under all the circumstances the practice in question unreasonably restricts competition in the relevant market… …   Law dictionary

  • Rule of reason — The rule of reason is a doctrine developed by the United States Supreme Court in its interpretation of the Sherman Antitrust Act. The rule, stated and applied in the case of Standard Oil Co. of New Jersey v. United States , 221 U.S. 1 (1911), is… …   Wikipedia

  • rule of reason — Under rule of reason test for determining whether alleged acts violated No. 1 of the Sherman Anti Trust Act [15 U.S.C.A. No. 1], which declares conspiracies in restraint of trade to be illegal, fact finder must weigh all circumstances of the case …   Black's law dictionary

  • Rule of Reason — ⇡ Wettbewerbspolitik …   Lexikon der Economics

  • reason — rea·son n 1: an underlying ground, justification, purpose, motive, or inducement required to provide reason s for the termination in writing 2 a: the faculty of comprehending, inferring, or distinguishing esp. in a fair and orderly way b: the… …   Law dictionary

  • Rule of tincture — The first rule of heraldry is the rule of tincture: metal should not be put on metal, nor colour on colour (Humphrey Llwyd, 1568). This means that or and argent (gold and silver, which are represented by yellow and white) may not be placed on… …   Wikipedia

  • Rule of Saint Francis —     Rule of Saint Francis     † Catholic Encyclopedia ► Rule of Saint Francis     As known, St. Francis founded three orders and gave each of them a special rule. Here only the rule of the first order is to be considered, i.e., that of the Friars …   Catholic encyclopedia

  • Rule of St. Benedict — • Lengthy article on the text of the Rule and its composition, some analysis, and practical application Catholic Encyclopedia. Kevin Knight. 2006. Rule of St. Benedict     Rule of St. Benedict …   Catholic encyclopedia

  • Reason — • Article discussing various definitions of the term Catholic Encyclopedia. Kevin Knight. 2006. Reason     Reason     † …   Catholic encyclopedia

  • rule of law — 1: an authoritative legal doctrine, principle, or precept applied to the facts of an appropriate case adopting the rule of law that is most persuasive in light of precedent, reason and policy Wright v. Wright, 904 P.2d 403 (1995) 2: government by …   Law dictionary

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