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fair-trade agreement

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fair-trade agreement

–noun
an agreement or contract between a manufacturer and a retailer to sell a branded or trademarked product at no less than a specific price: legally prohibited after 1975.

Origin:
1935–40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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fair-trade agreement  
n.  A commercial agreement under which distributors sell products of a given class at no less than a minimum price set by the manufacturer.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: fair–trade agreement
Function: noun
: an agreement between a producer and a seller that commodities bearing a trademark, label, or trade name belonging to the producer be sold at or above a specified price
NOTE: Most fair-trade agreements are illegal.
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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