Cartel
/ˈkɑːrtəl/
Definitions
- (n.) An agreement between competing firms to control prices, limit production, or restrict competition, often illegal under antitrust laws.
The companies formed a cartel to fix prices and avoid competition.
Forms
- cartels
Related terms
Commentary
Cartel commonly appears in antitrust contexts; precise legal consequences depend on jurisdiction and specific conduct involved.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.