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Definitions and Synonyms of fair-trade agreement | Another word for fair-trade agreement | What is fair-trade agreement?

Definition 1: an agreement (illegal in the United States) between the manufacturer of a trademarked item of merchandise and its retail distributors to sell the item at a price at or above the price set by the manufacturer - [noun denoting communication]

(fair-trade agreement is a kind of ...) the statement (oral or written) of an exchange of promises

"they had an agreement that they would not interfere in each other's business" "there was an understanding between management and the workers"

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