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if one of our competitors invites us to lunch and openly tells us they are tired of all the price wars and fee that it has gotten to the point that it has hurt all and they would like to raise there prices to a resonable amount and ask us to to the same but we did not agree on a set price but verbalize where each company felt it needed to be to be healthy and no agreements were signed or again a specific price min or max. Is this situation price fixing
Submitted: 218 days and 17 hours ago.
Category: Legal
Value: $30
Status: AWAITING CUSTOMER ACTION
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st george, Utah
Answer
Hello and thank you for allowing me the opportunity to assist you.
Yes, the situation you describe would be price fixing and would be illegal pursuant to anti-trust laws. Price fixing is basically a conspiracy between two (or more) sellers with the purpose to coordinate pricing for their mutual benefit. The situation you decribe fits that definition even without exact details being agreed upon. The agreement need only be implied.
Have I satisfactorily addressed your concerns? If not, then please feel free to ask for clarification.
If the information that I provided was helpful, then please remember to click the green accept button so that I will receive credit and compensation for my time. Positive feedback is always appreciated as well. Thank you and good luck!
DISCLAIMER: Please understand that the complexities of most legal problems cannot be adequately addressed in this setting, and that I am only licensed to practice law in the state of Maryland. Accordingly, you acknowledge (1) that we have not formed an attorney-client relationship, and (2) that my post is general information only and not specific legal advice.
Expert:
TJG, Esq.
Pos. Feedback:
99.6 %
Accepts:
Answered:
4/17/2009
Attorney-At-Law
Licensed in Maryland
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