Antitrust Laws
The United States has experienced greater economic success than many other countries thanks in large part to the innovations of its citizens and businesses. One philosophical belief that serves as a foundational basis for the American economy is that competition serves to benefit everyone. It motivates companies to strive to improve their products and services and also instigates cost-cutting measures that result in lower prices for consumers. When a new industry develops or one company dramatically outpaces its competitors in terms of reputation, market-share, or other intangible assets, the freedom of competition may be compromised.
Antitrust laws exist to prevent the attainment of monopolistic control over a particular market, and it is important that you know your rights if you feel like your company’s efforts are being unreasonably affected by the actions of a competitor. The Texas business formation advisors of Texas Legal Entities can help you to understand your new venture’s place in the market. Contact us today at 512-472-2431.
Problematic Actions and Behaviors
As businesses become more sophisticated in the ways that they attempt to promote their own interests, the issues associated with determining whether or not their behaviors violate antitrust laws also grow more complicated. There are some clear-cut actions that regulators may be concerned with and which might prompt a closer examination of the situation. Some of these are:
- Price fixing
- Bid rigging
- Agreements to avoid competing in the same geographic area (independent from non-competes signed by employees)
Contact Us
As you begin to take the steps necessary to translate your idea into a successful business, you need to know that you are protected as you enter a highly competitive marketplace. Contact the Texas business formation advisors of Texas Legal Entities at 512-472-2431 for the legal assistance your new business needs.
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