Contracts to restrain resale of commodity at lower than stipulated price; unenforceability

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  4. Contracts to restrain resale of commodity at lower than stipulated price; unenforceability

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56:4-1.1. Contracts to restrain resale of commodity at lower than stipulated price; unenforceability

Any contract provision that purports to restrain a vendee of a commodity from reselling such commodity at less than the price stipulated by the vendor or producer shall not be enforceable or actionable at law.

L.1975, c. 107, s. 3.


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