Antitrust Laws Legal Meaning and Definition

Here is a simplified definition of the legal term Antitrust Laws.

Antitrust Laws (noun)

Antitrust Laws is a collection of federal and state government laws that regulates the conduct and organization of businesses, generally to promote fair competition for the benefit of consumers. They aim to prevent businesses from abusing monopoly power, forming cartels, and pricing their products or services in a way that restricts free trade and competition. It's important to note that this term does not relate to assigning rights or duties, assigning errors or judgements -- that reflects the term 'assign', not 'antitrust laws'.