vertical agreement

noun

ver·ti·cal agreement

ˈvər-ti-kəl-

: an agreement among economic competitors on different levels of production or distribution that affects competition compare horizontal agreement

Note: Unlike horizontal agreements, vertical agreements are not considered illegal per se under antitrust laws, but they must withstand judicial scrutiny to be held valid.

Cite this Entry

Style

“Vertical agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/vertical%20agreement. Accessed 26 Nov. 2024.

Copy Citation