rule of reason

Legal Definition of rule of reason

: a standard used in restraint of trade actions that requires the plaintiff to show and the factfinder to find that under all the circumstances the practice in question unreasonably restricts competition in the relevant market — compare per se rule sense 2

Note: The rule of reason does not apply to per se violations of the Sherman Antitrust Act.

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Dictionary Entries Near rule of reason

rule of necessity

rule of reason

rules committee

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Cite this Entry

“Rule of reason.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/rule%20of%20reason. Accessed 22 Sep. 2021.

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