Rule of Reason definition

Rule of Reason in Antitrust Analysis: General Issues 37-38 (Federal Judicial Center, June 1981). The application of Xxxxxxxxx Xxxxxx’x example to this case could not be clearer or more compelling. Like Ford and General Motors, Shell and Texaco were major factors in the gasoline market; their joint selling eliminated important price competition between them; they were quite substantial enough to distribute their products independently; and one can hardly imagine a procompeti- tive justification actually probable in fact or strong enough in principle to make their arrangement reasonable under Section 1. Certainly Shell and Texaco could not imagine a procompetitive justification that would make their price fixing reasonable, though given every opportunity to do so. Added to this were demonstrated market effects: enormous price increases following the price fixing, although crude oil prices fell to historic lows. Quick look treatment is therefore also clearly warranted here.
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Rule of Reason. The Dealer Termination Cases and the Demise of Section 1 of the Xxxxxxx Act, 22 Conn. L. Rev. 129, 131 (1989).
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Rule of Reason. Special Factors
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Examples of Rule of Reason in a sentence

  • Carrier, The Rule of Reason: An Empirical Update for the 21st Century, 16 GEO.

  • Stucke, Does the Rule of Reason Violate the Rule of Law?, 42 U.C. DAVIS L.

  • The primary rule of the Capital Growth Management Code is the Rule of Reason, Conscience and Integrity.

  • Posner, The Rule of Reason and the Economic Approach: Reflections on the Sylvania Decision, 45 U.

  • Gavil, Moving Beyond Caricature and Characterization: The Modern Rule of Reason in Practice, 85 S.

  • In the alternative, Defendants’ conspiracy violates section 1 of the Sherman Act under the Rule of Reason.

  • Meese, Price Theory, Competition, and the Rule of Reason, 2003 U.

  • Other chefs champion France’s unequalled mastery of flavours and techniques, as the following two quotes demon- strate: [The Chinese] don’t have the culture; they can’t do it as well as we can.

  • Feldman, The Misuse of the Less Restrictive Alternative Inquiry in Rule of Reason Analysis, 58 AM.

  • Carrier, The Real Rule of Reason: Bridging the Disconnect, 1999 BYU L.


More Definitions of Rule of Reason

Rule of Reason. – means that an agreement’s legality is judged by balancing the agreement’s economic and business justification against its anticompetitive effect.
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Related to Rule of Reason

  • For Good Reason as defined in Section 6.4.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Good Reason means:

  • Termination of Service means:

  • Just Cause means:

  • Good Reason Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Company, (2) a representation or warranty made by the Company herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Company of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Company by the Dealer Manager.

  • Disability or Disabled means that during the Elimination Period and your Own Occupation Period you are, as a result of Physical Disease, Injury, Mental Disorder, Substance Abuse or Pregnancy, unable to perform one or more of the Material Duties of your Own Occupation, and, due to such inability, your Work Earnings are less than 80% of your Indexed Predisability Earnings, and you are incapable of earning 80% or more of your Indexed Predisability Earnings. Your Work Earnings may be Deductible Income. See the “LTD Benefit Calculation” and “Deductible Income” sections.

  • Resignation for Good Reason means Executive’s resignation from all employee positions Executive then holds with the Company within sixty (60) days following any of the following events taken without Executive’s consent, provided Executive has given the Company written notice of such event within thirty (30) days after the first occurrence of such event and the Company has not cured such event within thirty (30) days thereafter:

  • Window Period means the 3 consecutive calendar month period prior to the Scheduled Maturity Date.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Disability Date means the date on which a Participant is deemed disabled under the employee benefit plans of the Corporation applicable to the Participant.

  • Without Good Reason means termination of Executive’s employment by Executive other than For Good Reason pursuant to SECTION 3.2(b) below.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Gravely disabled means a condition in which a person, as a

  • Constructive Termination means:

  • Terminated for Cause mean termination of the employment of the Employee because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of a fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement. The Employee shall not be deemed to have been Terminated for Cause unless and until there shall have been delivered to the Employee a copy of a resolution, duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board of Directors at a meeting of the Board called and held for such purpose (after reasonable notice to the Employee and an opportunity for the Employee, together with the Employee's counsel, to be heard before the Board), stating that in the good faith opinion of the Board the Employee has engaged in conduct described in the preceding sentence and specifying the particulars thereof in detail.

  • Stated Termination Date means December 31, 2000.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Seriously disabled means a person with severe physical or sensory disabilities.

  • Continuous Service Status means the absence of any interruption or termination of service as an Employee or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted in the case of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Administrator, provided that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of transfers between locations of the Company or between the Company, its Parents, Subsidiaries, Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee will not constitute an interruption of Continuous Service Status.

  • Total Disability means a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Committee by rule may include.

  • Termination for Just Cause means termination because of Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement.

  • Vesting Event means the earliest to occur of the following events:

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.