Amended antimonopoly provisions of the Sherman Act of 1890 by US federal legislation in 1914. It includes the prohibition of (1) price discrimination and tying agreements, (2) sales based on exclusive-dealing contracts, (3) mergers and interlocking directorates that lock out competition.

More On This Topic

Link to This Definition
Did you find this definition of CLAYTON ACT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary