As a business owner in Texas, you should have a concept of the antitrust laws that help protect your interests. Both federal and state laws exist to protect all classes of businesses, regardless of size.
If you find yourself facing an issue with a business transaction, you may have to go before the Federal Trade Commission (FTC) to defend your actions. The attorneys at Bickel PLLC have the knowledge and experience to help educate you on the laws that apply to your situation. Consider some of the main points of the three primary federal and state antitrust laws.
The Clayton Act
The Clayton Act aims to govern how mergers and acquisitions occur. Keeping competition fair means not allowing businesses to grow so large and buying up all the competition. This may result in higher prices passing on to consumers, something that the Federal Trade Commission (FTC) must regulate.
The Sherman Antitrust Act
When competitors get together and agree to fix prices, it is a violation of the Sherman Antitrust Act. The purpose of the law is to allow commerce to flow freely throughout the state and across state lines without competitors interfering or trying to purchase each other to control the market.
Texas Fair Enterprise and Antitrust Act
State laws, such as the Texas Enterprise and Antitrust Act aims to reinforce federal laws to stop gouging, rigging, mergers and monopolies that endanger fair business practices. Under the law, any person affected may file a lawsuit against the offending parties.
If you find yourself facing antitrust charges, it is nothing to take lightly. If you need more information on this or other business matters, visit our website here.