Meet-or-release contract - Wikipedia
the Robinson-Patman Act should be evaluated consistent with broader antitrust policies. In practice, Robinson-Patman claims must meet several specific legal tests: credit returns, and prizes or free merchandise for promotional contests. the application of this exemption to pharmaceutical purchases by a nonprofit. their companies' hiring practices comply with the antitrust laws. DOJ/FTC ANTITRUST GUIDANCE FOR HR PROFESSIONALS. OCTOBER 2 Free and open markets are the foundation of a vibrant economy. Just as between an employer and an employee, including non-compete clauses. Violations of the. with the antitrust laws, which protect price and other types of competition that benefit . be able to meet the lower prices and would go out of business; this theory Adopt a sunset provision pursuant to which the immunity or exemption would.
Price Discrimination: Robinson-Patman Violations
This kind of price discrimination may give favored customers an edge in the market that has nothing to do with their superior efficiency. Price discriminations are generally lawful, particularly if they reflect the different costs of dealing with different buyers or are the result of a seller's attempts to meet a competitor's offering. The Supreme Court has ruled that price discrimination claims under the Robinson-Patman Act should be evaluated consistent with broader antitrust policies.
In practice, Robinson-Patman claims must meet several specific legal tests: The Act applies to commodities, but not to services, and to purchases, but not to leases. The goods must be of "like grade and quality. Normally, the sales must be "in" interstate commerce that is, the sale must be across a state line. Competitive injury may occur in one of two ways. For example, it may be illegal for a manufacturer to sell below cost in a local market over a sustained period.
Price Fixing | Federal Trade Commission
Businesses may also be concerned about "secondary line" violations, which occur when favored customers of a supplier are given a price advantage over competing customers. Here, the injury is at the buyer's level. The necessary harm to competition at the buyer level can be inferred from the existence of significant price discrimination over time. Courts may be starting to limit this inference to situations in which either the buyer or the seller has market power, on the theory that, for example, lasting competitive harm is unlikely if alternative sources of supply are available.
There are two legal defenses to these types of alleged Robinson-Patman violations: The Robinson-Patman Act also forbids certain discriminatory allowances or services furnished or paid to customers. A release may either be part of a contract or a separate document.
Either way, legal remedies will be severely limited. Release clauses are just as binding as the rest of the contract, and you should consider speaking with an attorney before signing a contract that includes one. An attorney also should be consulted when release clauses are drafted.
What Is a Meet or Release Clause?
Such expert advice helps to resolve disagreements that may arise in the future and prevents them from happening in the first place. Suppliers' Release Clause With a meet-or-release clause, a supplier and customer agree that if the customer finds a better price offered by the supplier's competitor, the supplier must offer the same price or a lower one.
Meet-or-release clauses can run into problems with competition laws because they prevent competing suppliers from having the opportunity to earn customers' business. Suppliers can use these clauses as a way to monitor the prices offered by their competitorsresulting in unfair competition.
Other Types of Release Clauses There are many different types of release clauses in use, and they are adapted for a range of purposes. Here are just a few examples of situations in which it may be useful to draft a release clause as a separate agreement or to include it in a contract: When an activity involves a high risk of injury or even death, a release clause will be employed.
Examples include extreme sports like hang gliding, parasailing, skydiving, rock climbing, or skiing. Instructors, property owners, or equipment rentals may ask customers to sign a release so they are not legally liable for any injuries that may occur while the customer participates in the activity.
Contractors involved in construction use many different kinds of release clauses to protect themselves from legal liability if a dispute should occur between parties. Such release clauses may be between the contractor and their client, the contractor and their suppliers, or even with employees of the contractor.
Business partners often sign contracts that involve release clauses.
- What Is a Meet or Release Clause?
- Meet-or-release contract
- Price Fixing
Disputes in the course of conducting business are common, and release clauses may be used to encourage parties to work out alternative ways to solve problems, such as mediation or negotiation. A release clause allows for the release of collateral when the borrower pays off at least part of a loan. Such clauses are widely used in mortgages for subdivision developers. The lender has to release its lien on the property when a potential purchaser of one of the subdivision homes applies for their own mortgage.Barcelona worried clubs could meet Lionel Messi's release clause
Another type of real estate release clause exists between a buyer and seller.