It is illegal for businesses to act together in ways that can limit competition, lead to higher prices, or hinder other businesses from entering the market. Agreements among businesses about price or price-related matters, including credit terms like credit terms are among the most serious antitrust violations. That’s because price is usually the principal basis for competition and consumer choice. Price fixing – companies getting together to set prices – is illegal.
Unlawful tying is another common form of violation of the antitrust laws. A tying arrangement is an agreement by a party to sell one product or service but only on the condition that the buyer also purchase a different (or tied) product or service, or at least agrees he will not purchase the product from any other supplier. For example, the purchase of cable television service conditioned on the rental of a set-top box from the cable provider has been alleged to be unlawful tying. Such tying or “tie-in” agreements are illegal because they restrict competition without providing benefits to consumers.
Sweetnam LLC is experienced in advocating remedies and restitution for consumers, businesses, and investors wronged by anti-competitive conduct. If you or your company have been harmed by such anti-competitive practices, contact us for a free consultation.