Michigan law Section 750.151 and 750.152 prohibit agreements that aim to restrict competition, control production, or manipulate market prices, deeming such contracts illegal and constituting criminal conspiracy. Individuals or entities involved in such agreements can face misdemeanor charges, fines, and imprisonment. The law also clarifies that it does not invalidate lawful contracts based on common law or equity, such as goodwill agreements.
Contracts that aim to restrict production, control market prices, or prevent free competition are illegal and considered criminal conspiracy under Michigan law.
Violators can face a misdemeanor charge, with penalties including up to 6 months in jail and fines up to $750.
Any individual or entity involved in such illegal contracts, including partners, officers, or agents of corporations or associations, can be prosecuted.
No, it does not affect lawful contracts recognized under common law or equity, such as agreements for goodwill or other legitimate purposes.