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substantiality

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 365 U.S. 320 - Tampa Electric Co. v. Nashville Coal Co. · 1961Most cited · 1,510 citing opinions

To determine substantiality in a given case, it is necessary to weigh the probable effect of the contract on the relevant area of effective competition, taking into account the relative strength of the parties, the proportionate volume of commerce involved in relation to the total volume of commerce in the relevant market area, and the probable immediate and future effects which pre-emption of that share of the market might have on effective competition therein. It follows that a mere showing that the contract itself involves a substantial number of dollars is ordinarily of little consequence.