What is the difference between an antitrust violation and a breach of contract?
An antitrust violation is a violation of antitrust law, which regulates markets to ensure fair competition and discourage monopolies. Antitrust laws in Mississippi are enforced by the Mississippi State Attorney General’s office, and they help protect consumers against anti-competitive business practices. Examples of antitrust violations include price fixing, monopolization, and bid-rigging. A breach of contract is different than an antitrust violation in that it involves a legal agreement between two or more parties. When one party does not fulfill their contractual obligations, they are in breach of contract. A breach of contract can result in damages for the non-breaching party, though a breach of contract does not necessarily mean a violation of the law. In Mississippi, antitrust law violations are taken seriously, with the Attorney General’s office vigorously pursuing those who fail to comply with the law. Violations can sometimes be subject to both criminal and civil penalties. In contrast, a breach of contract typically gives rise to civil remedies, including monetary damages.
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