The Clayton Act, a major antitrust law; a civil statute which contemplates injunction actions by the government and damage suits. It declares as unlawful selling ones product on condition that the purchaser not buy from a competitor where the effect is substantial lessening of competition or creation of a monopoly; it also covers interlocking directorates of competing companies, mergers and other business acquisitions; and it impacts on exclusive dealing arrangements with customers. The Federal Trade Commission Act, prohibits unfair methods of competition and is used in effect, to supplement the provisions of both the Sherman and Clayton Acts. The Sherman Act, the basic antitrust law which prohibits every contract, combination or conspiracy which is in restraint of trade of commerce. It is applicable not only to commerce or trade among the states of the US, but also with foreign nations.
- Antitrust Statutes, US