resale price maintenance

British  

noun

1.  rpm.  US equivalent: fair trade.  the practice by which a manufacturer establishes a fixed or minimum price for the resale of a brand product by retailers or other distributors

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Example Sentences

“The removal of the decree on resale price maintenance is another step in the death knoll of the independent, regional chains, and small theaters in rural and metropolitan areas,” said the Trinity Theater in Weaverville, California.

From Seattle Times

The practice, known as resale price maintenance, is illegal and makes it difficult for customers to find good deals.

From The Guardian

The fines against Mercedes-Benz were the latest in a series of actions taking aim at automakers and parts suppliers, most of which have focused on so-called resale price maintenance.

From New York Times

The OFT alleges the four companies infringed competition law by entering into resale price maintenance agreements, setting fixed or minimum resale prices for sports bras in the popular Shock Absorber range.

From Reuters

Resale price maintenance limits competition between retailers and can lead to consumers paying higher price.

From BBC