Harcourt Brace Jovanovich (HBJ) granted BRG an exclusive license to market HBJ’s bar review materials in Georgia and to use HBJ’s trade name. HBJ agreed not to compete with BRG in Georgia, and BRG agreed not to compete with HBJ outside the state. HBJ was entitled to receive $100 per student enrolled by BRG and 40 percent of revenues over $350 per student.

Did this agreement violate the antitrust laws?