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Simple English definitions for legal terms

Webb–Pomerene Act

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A quick definition of Webb–Pomerene Act:

The Webb-Pomerene Act is a law that helps American businesses sell their products to other countries. It allows them to work together in groups called export associations, so they can compete with other countries' groups. But, they can't agree with those other groups to set prices or control who can buy the products. The law was made in 1918 and is still used today.

A more thorough explanation:

The Webb–Pomerene Act is a federal law that was first passed in 1918. It provides a limited exemption for export businesses from the antitrust laws. This means that an export business can form joint export associations without violating antitrust laws.

The purpose of the Webb–Pomerene Act is to help American manufacturers and producers to expand their foreign trade. Congress believed that American firms needed the power to form joint export associations to compete with foreign cartels. However, the exemption created by the Webb–Pomerene Act was carefully designed to avoid harming domestic interests.

It's important to note that an export association formed under the Webb–Pomerene Act cannot agree with foreign competitors to fix prices or establish exclusive markets. This would still be a violation of antitrust laws.

An American company that produces widgets wants to expand its business by exporting widgets to other countries. However, the company is concerned that it won't be able to compete with foreign cartels that control the widget market in those countries. To level the playing field, the company forms a joint export association with other American widget producers under the Webb–Pomerene Act. This allows them to work together to export widgets without violating antitrust laws.

In this example, the American widget producers are able to form a joint export association under the Webb–Pomerene Act to compete with foreign cartels without breaking antitrust laws.

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questionnnnnn - does anyone know what it means if you got the first feeler from gulc last week? can't tell if its something generic or something to get hopes up for.
16:22
For those accepted by the University of Utah in the past week--can you share when their published seating fee deadline is? I know the first one was April 15th...? THX!
MrThickRopes
18:28
Fo pm gon be a movviiiiieeee tmrw
MrThickRopes
18:29
I can feeeeeel iiiiit
18:48
@WinnieCOgirl: The Seat Deposit & Enrollment Certification form (due on 05/02/2025) The Seat Deposit (due on 05/02/2025)
rejected on a saturday GG
MrThickRopes
19:49
Did u get rejected fo pm ?
good question i panic checked, do most decisions drop at 4?
i have no clue i checked at 10pm
@ObeseDisagreeableDevil: just generic sent to all
that's what I thought fancy
MrThickRopes
21:37
it all comes at fo
MrThickRopes
21:38
everything
MrThickRopes
21:38
fo pm
21:43
i need advice about undergrad and gpa, can someone help
MrThickRopes
22:33
ok
MrThickRopes
22:33
hit me
22:53
i know its hard to know because I haven't taken LSAT yet, but Im going to graduate with a 3.4. Idk if id write an addendum for my gpa because i just slacked off for a lot of college unfortunately. Plan is to start studying for lsat in October, and then take a gap year to get WE. T14 isn't even on my radar, but from people who know and understand the admission process better probably, am i cooked at even getting into a T50. I know lsat score is huge but reading people get rejected while having 3.8+ is anxiety inducing
23:25
@Sagamore: you can do applicant search to get closer results but there are plenty of ppl with a 3.3-3
23:25
3.4 that got into t50s-t20s (sorry i pressed send early)
23:26
i would just focus on maximizing ur lsat score
we always talk about fo pm but never about fo am
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[] ararara
3:14
Don’t know if I’m about to make things worse but hang in there! If you’re stressed out get to your nearest trampoline and start jumping! It’s better than therapy! Hopefully you’re under some stars!
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