Coemption refers to the act of purchasing the entire supply of a commodity to establish a monopoly and control its pricing. In a different context, coemption is also a term from Roman law describing a civil marriage contract where both parties contribute financially. This dual meaning highlights the concept's relevance in both economic and legal frameworks.
In legal practice, coemption is primarily associated with antitrust laws and economic regulations. It is relevant in cases involving monopolistic practices where one entity attempts to dominate a market by controlling supply. Additionally, the civil aspect of coemption may arise in discussions of marriage contracts, particularly in historical or comparative law contexts.
Users can manage related legal forms, such as contracts or agreements, through resources like US Legal Forms, which provide templates drafted by attorneys.
Here are a couple of examples of abatement:
Example 1: A large corporation buys all available shares of a product in a specific market, effectively controlling its price and availability (hypothetical example).
Example 2: In ancient Rome, two individuals enter into a coemption contract, each contributing funds to formalize their civil marriage.
Examples of state differences (not exhaustive):
| State | Coemption in Economic Context | Coemption in Civil Context |
|---|---|---|
| California | Strict antitrust regulations apply. | Recognizes coemption contracts in historical context. |
| New York | Active enforcement against monopolistic practices. | Limited application in modern marriage law. |
This is not a complete list. State laws vary and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Monopoly | Exclusive control over a commodity or service. | Monopoly refers specifically to market control, while coemption involves the act of purchasing the supply. |
| Cartel | A group of independent businesses that collaborate to regulate prices. | Cartels involve multiple entities, whereas coemption typically involves a single buyer. |
If you believe coemption may apply to your situation, consider the following steps:
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| Attribute | Details |
|---|---|
| Typical Fees | Varies based on legal counsel and market conditions. |
| Jurisdiction | Applicable in all states, with variations in enforcement. |
| Possible Penalties | Fines, legal action, and dissolution of contracts. |
Coemption is the act of purchasing the entire supply of a commodity to control its price, as well as a historical civil marriage contract in Roman law.