National Cooperative Research and Production Act of 1993

Tags:

Mission:

Competition

Rule/Law:

15 U.S.C. §§ 4301-4306

This Act establishes certain protections for any joint research and development venture as to which a voluntary, prior written notification has been filed with the Attorney General and the Federal Trade Commission. Specifically, in any antitrust suit brought under the Clayton Act relating to the conduct of such a venture, recovery by the plaintiff is limited to actual damages, interest, and reasonable attorney's fees. Subject to certain restrictions relating to the location of facilities and the nationality of participants, similar protections apply to joint ventures for the production of a product, process or service.