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Related WikiPedia: fair-trade agreement
English 1 sense of the expression fair-trade agreement:
NOUNcommunicationfair-trade agreementan 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
Englishfair-trade agreement: 1 sense noun 1, communication
MeaningAn 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.
Broaderagreement, understandingThe statement (oral or written) of an exchange of promises

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