Contracts to restrain resale of commodity at lower than stipulated price; unenforceability

N.J.S.A. 56:4-1.1, under Chapter 4.

N.J.S.A. 56:4-1.1

56:4-1.1. Contracts to restrain resale of commodity at lower than stipulated price; unenforceability

Any contract provision that purports to restrain a vendee of a commodity from reselling such commodity at less than the price stipulated by the vendor or producer shall not be enforceable or actionable at law. L.1975, c. 107, s. 3.