Unfair Trade Practices In Competition Law In Harris
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FAQ
The Competition Act contains provisions addressing false or misleading representations and deceptive marketing practices in promoting the supply or use of a product or any business interest. All representations, in any form whatever, that are false or misleading in a material respect are subject to the Act.
Competition law does not prohibit you from having a dominant position; it only prohibits the abuse of that position.
Under the Sherman Act, agreements among competitors to fix prices or wages, rig bids, or allocate customers, workers, or markets, are criminal violations. Other agreements such as exclusive contracts that reduce competition may also violate the Sherman Antitrust Act and are subject to civil enforcement.
The Donnelly Act is the primary state antitrust law in New York. The Act mirrors federal antitrust law, and prohibits any contract, agreement, arrangement, or combination that creates or maintains a monopoly or retrains competition.
Under the Sherman Act, agreements among competitors to fix prices or wages, rig bids, or allocate customers, workers, or markets, are criminal violations. Other agreements such as exclusive contracts that reduce competition may also violate the Sherman Antitrust Act and are subject to civil enforcement.
