competition restriction
[/ˌkɑmpətɪʃən rɪˈstrɪkʃən/]
nounpl: competition restrictions
restrição à concorrência
1. A legal or regulatory limitation imposed on market competition, preventing or limiting competitors from entering or operating in a market
The government introduced competition restrictions to protect local businesses from foreign monopolies.
O governo introduziu restrições à concorrência para proteger negócios locais de monopólios estrangeiros.
2. A contractual clause that prevents an individual or business from competing in a specific market or geographic area for a defined period
The employment contract included a competition restriction preventing the employee from working for competitors within five years.
O contrato de trabalho incluía uma restrição à concorrência impedindo o funcionário de trabalhar para concorrentes dentro de cinco anos.
3. Antitrust or anticompetitive practices that limit fair market competition
The company was fined for implementing unfair competition restrictions that violated antitrust laws.
A empresa foi multada por implementar restrições à concorrência injustas que violaram leis antitruste.
In Brazil, competition restrictions are heavily regulated by CADE (Conselho Administrativo de Defesa Econômica). Non-compete clauses in employment contracts are enforceable but must be reasonable in scope and duration. In the USA, such restrictions are scrutinized under antitrust law, particularly under the Sherman Act and FTC guidelines. The concept is central to both economies' competition law frameworks.
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