fair-trade agreement

1. 1.

   an agreement (illegal in the United States) between the manufacturer of a trademarked item of merchandise and its retail distributors to sell the item at a price at or above the price set by the manufacturer

   Broaderagreement

Questions about fair-trade agreement

What does fair-trade agreement mean?

fair-trade agreement means "an agreement (illegal in the United States) between the manufacturer of a trademarked item of merchandise and its retail distributors to sell the item at a price at or above the price set by the manufacturer".

Is fair-trade agreement a common word?

fair-trade agreement is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.