This memornadum addresses two antitrust concerns that should be noted by emerging companies: Avoiding the creation of documents that might invite antitrust problems, and avoiding premerger coordination of commercial activities and uncontrolled exchange of compettitively sensitive information.
Washington Antitrust Disclosure Compliance Memorandum
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Multi-State
Control #:
US-TC0308
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Word;
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FAQ
Unlike the Sherman Act, the Clayton Antitrust Act exempts labor unions and agricultural activities from their regulations. ing to the law, the labor of a human being does not constitute a trade or a commodity, and should not be subject to the same regulations as companies engaging in trade.
When Pres. Woodrow Wilson asked for a drastic revision of existing antitrust legislation, Congress responded by passing the Clayton measure.
The Sherman Antitrust Act This law prohibits conspiracies that unreasonably restrain trade. Under the Sherman Act, agreements among competitors to fix prices or wages, rig bids, or allocate customers, workers, or markets, are criminal violations.
The Clayton Act is still in force today, essentially in its original form. However, it has evolved over the years and is different today from when it was first drafted.
To resolve this, the Clayton Antitrust Act was passed in 1914. This act successfully closed the loopholes of the previous antitrust act by making monopolies through mergers explicitly illegal. The act also made labor unions legal.
The Antitrust Division investigates complaints about potential anti-competitive activity. Our office looks for: Price-fixing and other forms of collusion.
The Antitrust Division enforces federal antitrust and competition laws. These laws prohibit anticompetitive conduct and mergers that deprive American consumers, taxpayers, and workers of the benefits of competition.
Antitrust laws were designed to protect and promote competition within all sectors of the economy. The Sherman Act, the Federal Trade Commission Act, and the Clayton Act are the three pivotal laws in the history of antitrust regulation.