Clayton Act definition

Clayton Act

US federal legislation of 1914 that amended the anti-monopoly provisions of the Sherman Act of 1890 to include prohibition of (1) price discrimination and tying arrangements, (2) sales based on exclusive-dealing contracts, (3) mergers and interlocking directorates where "the effect of such acquisition may be substantially to lessen competition, or tend to create a monopoly in any line of commerce."

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