1994 US Code
Title 15 - COMMERCE AND TRADE
CHAPTER 69 - COOPERATIVE RESEARCH
Sec. 4302 - Rule of reason standard
View Metadata| Publication Title | United States Code, 1994 Edition, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 69 - COOPERATIVE RESEARCH Sec. 4302 - Rule of reason standard |
| Contains | section 4302 |
| Date | 1994 |
| Laws in Effect as of Date | January 4, 1995 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 98 462, §3, Oct. 11, 1984, 98 Stat. 1816; Pub. L. 103 42, §3(d), June 10, 1993, 107 Stat. 119. |
| Statutes at Large References | 98 Stat. 1816 107 Stat. 119 |
§4302. Rule of reason standard
In any action under the antitrust laws, or under any State law similar to the antitrust laws, the conduct of any person in making or performing a contract to carry out a joint venture shall not be deemed illegal per se; such conduct shall be judged on the basis of its reasonableness, taking into account all relevant factors affecting competition, including, but not limited to, effects on competition in properly defined, relevant research, development, product, process, and service markets. For the purpose of determining a properly defined, relevant market, worldwide capacity shall be considered to the extent that it may be appropriate in the circumstances.
(Pub. L. 98 462, §3, Oct. 11, 1984, 98 Stat. 1816; Pub. L. 103 42, §3(d), June 10, 1993, 107 Stat. 119.)
Amendments1993—Pub. L. 103 42 substituted “joint venture” for “joint research and development venture” and “, development, product, process, and service” for “and development” and inserted at end “For the purpose of determining a properly defined, relevant market, worldwide capacity shall be considered to the extent that it may be appropriate in the circumstances.”
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