Antitrust and Trade Regulation laws aim to promote free competition in the marketplace. Agreements or cooperative efforts by two or more entities that affects or restrains competitors is illegal under these laws. The Sherman Act makes illegal any contract, combination, or conspiracy in restraint of trade or commerce and makes monopolies and attempts, combinations, or conspiracies to monopolize illegal. The Clayton Act regulate price discrimination, tying and exclusive dealing contracts, stock acquisition and interlocking directorates.
Leggett (formerly, Leggett Valley) is an unincorporated community in Mendocino County, California. It is located on the South Fork of the Eel River 17 miles (27 km) northwest of Laytonville, at an elevation of 984 feet (300 m). It is home to some of the largest trees in the world. Nearby Smithe Redwood State Reserve and the Standish-Hickey State Recreation Area are noted for their forests of Coastal Redwoods. Leggett is served by California's State Route 1, whose northern terminus with U.S. Route 101 is just outside the community. The town of Leggett includes a single gas station, K-12 school, two convenience stores, pizza parlor, fire station and Drive-Thru Tree. The Leggett post office opened in 1949.