fair-trade agreement

Definition of "fair-trade agreement"
  1. A pact between a manufacturer and a distributor, requiring that products marked with the manufacturer's trademark, brand, or business name be sold at a predefined price or higher
How to use "fair-trade agreement" in a sentence
  1. The coffee shop owner had to raise prices due to the fair-trade agreement they had with their coffee bean supplier.
  2. The consumer electronics store could not offer discounts due to the fair-trade agreement with the gadget manufacturer.
  3. The fair-trade agreement ensures that the artisan gets a decent price for the handicrafts sold through the retail store.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z