fair–trade agreement

noun

Definition of fair–trade agreement

  1. :  an agreement between a producer and a seller that commodities bearing a trademark, label, or brand name belonging to the producer be sold at or above a specified price

First Known Use of fair–trade agreement

1937


Law Dictionary

fair–trade agreement

noun

Legal Definition of fair–trade agreement

  1. :  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

Additional Notes on fair–trade agreement

Most fair-trade agreements are illegal.


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