Terms Used In Michigan Laws 445.772

• Contract: A legal written agreement that becomes binding when signed.
• Relevant market: means the geographical area of actual or potential competition in a line of trade or commerce, all or any part of which is within this state. See Michigan Laws 445.771
• Trade or commerce: means the conduct of a business for profit or not for profit producing or providing goods, commodities, property, or services and includes, without limitation, advertising, franchising, solicitation, offering for sale, lease, or distribution of a service or property, tangible or intangible, real, personal or mixed, or any other article of commerce. See Michigan Laws 445.771