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Resale Prices Acts

United Kingdom legislation From Wikipedia, the free encyclopedia

Resale Prices Acts
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The Resale Prices Act 1964 (c. 58) was a consolidation Act which when passed, now considered all resale price agreements to be against public interest unless proven otherwise.

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Minimum resale price maintenance (MRPM) had ensured that retailers could only sell a product at a price determined by the manufacturer. The abolition of MRPM allowed such retailers to expand; for instance Comet transformed from a small electrical retail chain in Yorkshire to a national discount retailer.

The Resale Prices Act 1976 (c. 53) was repealed on 1 March 2000;[1] UK competition law having been previously incorporated into the Competition Act 1998.[2]

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