Do companies have non compete agreements between each other? Do companies also know for a better lack of words armistice? When searching for non compete agreements everything that comes up are agreements between companies and employees, but do whole companies also have non compete agreements with other companies? This is akin to price fixing, but would include more, since competition is not only restricted to price. I wonder if companies which are not allowed to merge because of monopoly laws have such non compete agreements. What are such non compete agreements called? Because right now this term seems to only apply to contracts between companies and employees.
This is known as dividing markets or market allocation, and it is against the law in the US, the EU, and I imagine in most countries with antitrust laws.