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New York Statute - General Business Law § 340, Contracts or Agreements for Monopoly or in Restraint of Trade Illegal and Void
N.Y. GEN. BUS. LAW § 340 (Consol. 2007)
N.Y. GEN. BUS. LAW § 340, Contracts or Agreements for Monopoly or in Restraint of Trade, provides, in pertinent part, that any contract, agreement, arrangement, or combination which establishes or maintains a monopoly, or restrains competition or the free exercise in the conduct of any business, trade, or commerce or in the furnishing of any service, or restrains any conduct for the purpose of establishing or maintaining any such monopoly or interference in New York is illegal and void. An action to recover damages caused by such a violation must be commenced within four years after the cause of action has accrued.
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