Warning
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Warning
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Simple English definitions for legal terms
tying
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A quick definition of tying:
Term: TYING
Definition: Tying is when a seller makes a deal with a buyer that they will only sell them a product if the buyer also buys another product from them. This is not allowed in antitrust laws because it can limit competition and hurt consumers.
A more thorough explanation:
Definition: Tying is a term used in antitrust law to describe an arrangement where a seller agrees to sell a product to a buyer only if the buyer agrees to purchase another product from the seller.
For example, a computer manufacturer may agree to sell a computer to a customer only if the customer agrees to purchase a printer from the same manufacturer. This is known as a tying agreement.
Tying can be harmful to competition because it can limit consumer choice and prevent other companies from entering the market. It is often considered a violation of antitrust laws.