vertical agreement

vertical agreement
ver·ti·cal agreement /'vər-ti-kəl-/ n: an agreement among economic competitors on different levels of production or distribution that affects competition compare horizontal agreement
◇ Unlike horizontal agreements, vertical agreements are not considered illegal per se under antitrust laws, but they must withstand judicial scrutiny to be held valid.

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

vertical agreement
An agreement (or restrictions) between companies or firms trading at different levels of supply, for example, between a manufacturer and wholesaler, a wholesaler and retailer, or a licensor and licensee.
+ vertical agreement
USA
An agreement between two or more businesses operating at different levels of production or distribution in the market, for example, an agreement between a manufacturer and a distributor or a wholesaler and a retailer.
Compare this to a horizontal 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.

См. также в других словарях:

  • Vertical agreement — A vertical agreement is a term used in competition law to denote agreements between firms up or down the supply chain from one another. For instance, between a manufacturer of electronic gadgets like Sony might have a vertical agreement with and… …   Wikipedia

  • vertical — ver‧ti‧cal [ˈvɜːtɪkl ǁ ˈvɜːr ] adjective 1. HUMAN RESOURCES a vertical organization, system etc is one in which decisions and rules are passed on to employees through several different levels of management: • Our team has abandoned the vertical… …   Financial and business terms

  • vertical restrictions — See vertical agreement. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • vertical — Pertaining to a relationship between a buyer and a seller e.g., an agreement between a supplier and a retail dealer is called a vertical agreement. See also vertical integration @ vertical price fixing contract An illegal agreement to maintain… …   Black's law dictionary

  • vertical price-fixing agreement — An agreement between the manufacturer or dealer in an article with purchasers who buy numbers of such article for resale in the course of business, having the purpose of controlling the resale or retail price. 52 Am J1st Tradem § 173 …   Ballentine's law dictionary

  • 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.… …   Law dictionary

  • Resale Price Maintenance Agreement — Resale Price Maintenance (RPM) Agreement USA An agreement between a supplier and its distributors that limits the prices the distributors can charge customers for the supplier s products. Types of RPM agreements include a: • Minimum RPM agreement …   Law dictionary

  • RPM Agreement — Resale Price Maintenance (RPM) Agreement USA An agreement between a supplier and its distributors that limits the prices the distributors can charge customers for the supplier s products. Types of RPM agreements include a: • Minimum RPM agreement …   Law dictionary

  • Resale Price Maintenance (RPM) Agreement — USA An agreement between a supplier and its distributors that limits the prices the distributors can charge customers for the supplier s products. Types of RPM agreements include a: • Minimum RPM agreement, in which a distributor agrees not to… …   Law dictionary

  • Article 81 of the Treaty Establishing the European Community — prohibits cartels and other agreements which could disrupt free competition in the European Economic Area s common market. [http://eur lex.europa.eu/Notice.do?val=262491:cs lang=en list=262491:cs,262487:cs, pos=1 page=1 nbl=2 pgs=10… …   Wikipedia


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