Clayton Act
/ˈkleɪtən ækt/
Definitions
- (n.) A U.S. federal statute enacted in 1914 that addresses antitrust laws to promote fair competition and prevent anticompetitive practices such as monopolies, price discrimination, and mergers that substantially lessen competition.
The Clayton Act prohibits certain corporate behaviors that may harm market competition.
Forms
- clayton act
Related terms
See also
Commentary
Commonly cited in antitrust litigation, the Clayton Act complements the Sherman Act by targeting specific practices; precise statutory references are important in drafting.
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.