horizontal agreement

horizontal agreement
horizontal agreement n: an agreement among economic competitors on the same level of production or distribution compare vertical agreement
◇ Horizontal agreements are generally considered illegal as violating antitrust laws.

Merriam-Webster’s Dictionary of Law. . 1996.

horizontal agreement
An agreement (or restriction) between undertakings operating at the same level of supply in the market, such as between two or more manufacturers, two or more retailers or an agreement between two or more patent owners (as distinct from vertical agreements, which are agreements between undertakings operating at different levels of the market, such as an agreement between a patent owner and his licensee).
+ horizontal agreement
USA
An agreement between two or more actual or potential competitors operating at the same level of production or distribution in the market, for example, an agreement between two or more manufacturers or two or more retailers.
Compare this to a vertical agreement. The distinction between the two is important under antitrust laws, because the nature of the relationship between the parties may determine how potential violations are evaluated.
For examples, see Practice Note, US Antitrust Laws: Overview: Horizontal or Vertical Restraints (www.practicallaw.com/9-204-0472).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • horizontal restraint — n: a restraint of trade involving an agreement among competitors at the same distribution level for the purpose of minimizing competition Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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