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.
Whippany is an unincorporated area located within Hanover Township in Morris County, New Jersey. Cedar Knolls is another unincorporated area within Hanover Township. Whippany's name is derived from the Whippanong Native Americans, a tribe that once inhabited the area. Whippanong meant "place of the willows", named for the trees growing along the banks of the Whippany River