CLAYTON ACT

Clayton Act.A federal statute — enacted in 1914 to amend the Sherman Act — that prohibits price discrimination, tying arrangements, and exclusive-dealing contracts, as well as mergers and interlocking directorates, if their effect might substantially lessen competition or create a monopoly in any line of commerce. 15 USCA §§ 12–27. [Cases: Monopolies  12, 17, 17.5, 20.5. C.J.S. Monopolies §§ 19, 26–27, 62–63, 99, 104–105, 167.] [Blacks Law 8th]