fair-trade agreement

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fair′-trade′ agree`ment

an agreement between a manufacturer and a retailer that a trademarked product will not be sold below a specified price: illegal after 1975.
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Noun1.fair-trade agreement - 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
agreement, understanding - the statement (oral or written) of an exchange of promises; "they had an agreement that they would not interfere in each other's business"; "there was an understanding between management and the workers"
References in periodicals archive ?
A fair-trade agreement is usually for a longer term, and therefore it shields the farmers from market volatility.
called fair-trade agreements and the graft and corruption that must be factored in to fully appreciate the international multiC.