| NOUN | communication | fair-trade agreement | an agreement (illegal in the United States) between the manufacturer / manufacturer of a trademarked item of merchandise and its retail distributors / distributors to sell the item at a price at or above the price set by the manufacturer / manufacturer |
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| Meaning | An agreement (illegal in the United States) between the manufacturer / manufacturer of a trademarked item of merchandise and its retail distributors / distributors to sell the item at a price at or above the price set by the manufacturer / manufacturer. | |
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| Broader | agreement, understanding | The statement (oral or written) of an exchange of promises |
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