National Cooperative Research and Production Act

Last updated
National Cooperative Research and Production Act of 1993
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Acronyms (colloquial) NCRPA
Citations
Public law 103-42
Legislative history
Major amendments
Amended by the Standards Development Organization Advancement Act of 2004

The National Cooperative Research and Production Act (NCRPA, P.L. 103-42) is a United States federal law that reduces potential antitrust liabilities of research joint ventures (RJV) and standards development organizations (SDOs).

United States Antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers. The main statutes are the Sherman Act of 1890, the Clayton Act of 1914 and the Federal Trade Commission Act of 1914. These Acts, first, restrict the formation of cartels and prohibit other collusive practices regarded as being in restraint of trade. Second, they restrict the mergers and acquisitions of organizations that could substantially lessen competition. Third, they prohibit the creation of a monopoly and the abuse of monopoly power.

A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging markets; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.

The NCRPA replaced the earlier National Cooperative Research Act of 1984 (P.L. 98-462)

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