Amy Horn


Secret Agreement For A Deceitful Purpose

A secret agreement for illegal purposes; conspiracy. At the end of the spectrum, there is an over-reliance on the word “collusion.” It is a slippery term that, for the most part, has no legal or regulatory significance outside of very specific contexts such as cartel rules and abuse of dominance. The general definition of collusion, according to the Merriam-Webster dictionary, is “a secret arrangement or cooperation, especially for an illegal fraudulent purpose.” But since this definition is not necessarily known or agreed upon, it allows some people to say that they have not seen direct evidence of Trump`s “collusion” with Russia, and others claim to have it. Journalists are still asking members of Congress, the White House and witnesses in the Russia investigation into “collusion” or allowing officials and others to invoke the term “collusion” without specifying what they mean. The Merriam-Websters Dictionary defines collusion as “secret cooperation for illegal or dishonest purposes,” but Websters New World College Dictionary calls it “a secret arrangement for fraudulent or illegal purposes; ” conspiracy. According to Blackes Law Dictionary, collusion is “a deceptive arrangement or a pact between two or more persons, so that one party can bring an action against the other for evil purposes to mislead a third party of its right.” an agreement between two or more persons, a person of their rights, to defraud by legal form or to obtain an object prohibited by law. an agreement takes place within a sector when competing companies cooperate in their mutual interest. Agreements often take place within an oligopoly structure where there are few companies and where agreements have a considerable impact on the entire market or on the sector as a whole. In order to distinguish an agreement, collusive agreements between parties must not be explicit; However, the effects of agreements and agreements are the same. [4] a secret arrangement and cooperation for fraudulent or fraudulent purposes; a game in the hands of the other; Deception; Fraud collusion is a fraudulent arrangement or secret cooperation between two or more parties to limit open competition by deceiving, deceiving or deceiving others of their right. Collusion is not always considered illegal. It can be used to achieve goals that are prohibited by law; z.B. by fraud or the taking of an unfair advantage in the market.

It is an agreement between companies or individuals to divide a market, set prices, limit production or limit opportunities. [1] It may involve “unions, wage fixings, bribes or a misrepresentation of the independence of relations between the merging parties.” [2] From a legal point of view, all acts committed by cartels are considered unconfessed. [3] An example of illegal collusion is a secret agreement between companies to set prices. Such agreements can be concluded in a completely informal manner. The application of anti-competitive practices may not even require proof that companies have had any contact. They can only refrain from underestimating the prices of the other or selling them in the other`s market sectors. Such agreements occur when there are anti-monopoly laws that prohibit formal agreements on such activities. Collusion is difficult to prove and may involve executors who argue that the activity of companies suspected of collusion in setting prices and production objectives only makes sense in light of the benefits of collusion. In such cases, companies may be forced to reduce prices or sell them to suppliers located in areas outside their normal markets. In this way, competitive practices are imposed on companies without actually demonstrating that they carried out illegal activities before those markets. The legal definition of conspiracy, which is a criminal charge, is perhaps the most likely to reflect the different definitions of collusion.

Comments are closed.