Definition of Clayton Act:
US federal legislation of 1914 that amended the anti-monopoly provisions of the Sherman Act of 1890 to include prohibition of (1) price discrimination and tying arrangements, (2) sales based on exclusive-dealing contracts, (3) mergers and interlocking directorates where the effect of such acquisition may be substantially to lessen competition, or tend to create a monopoly in any line of commerce..
How to use Clayton Act in a sentence?
- The Clayton Act was something we studied for a long time and it opened us up to a new set of possibilities and ideas.
- The clayton act included several provisions to ensure an optimal business market place would exist where buyers and sellers could trade.
- You should know what the clayton act says and make sure that you dont do anything that may violate it.
Meaning of Clayton Act & Clayton Act Definition