Law Dictionary Definitions

fair-trade agreement.A commercial agreement that a seller will sell all of a producer’s goods at or above a specified minimum price. • Fair-trade agreements were valid until 1975, when the Consumer Goods Pricing Act made them illegal. 15 USCA §§ 1, 45.[Blacks Law 8th]

fair trade,n. Commerce conducted under a fair-trade agreement.[Blacks Law 8th]

fair-share membership.See FINANCIAL-CORE MEMBERSHIP.[Blacks Law 8th]

fair sale.See SALE.[Blacks Law 8th]

fair return on investment.See RETURN.[Blacks Law 8th]

fair representation.Labor law. Union representation that adequately covers all union members in collective bargaining and in the lodging of grievances. [Cases: Labor Relations 219, 221. C.J.S. Labor Relations §§ 213–214.][Blacks Law 8th]

fair-report privilege.A defense to liability for publishing defamatory matter from a report of an official or judicial proceeding, when the report is a full, fair, and accurate account of the proceeding. [Cases: Libel and Slander 39, 42. C.J.S. Libel and Slander; Injurious Falsehood §§ 69–70, 99–100, 103.][Blacks Law 8th]

fair rate of return.See RATE OF RETURN.[Blacks Law 8th]

fair preponderance of the evidence.See PREPONDERANCE OF THE EVIDENCE.[Blacks Law 8th]

fair play and substantial justice.The fairness requirement that a court must meet in its assertion of personal jurisdiction over a nonresident defendant to comport with due process. International Shoe Co. v. Washington, 326 U.S. 310, 66 S.Ct. 154 (1945). See MINIMUM CONTACTS. [Cases: Constitutional Law 305(5). C.J.S. Constitutional Law § 1151.][Blacks Law 8th]