horizontal agreement

noun

Legal Definition of horizontal agreement

: an agreement among economic competitors on the same level of production or distribution — compare vertical agreement

Note: Horizontal agreements are usually held to violate antitrust laws.

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Cite this Entry

“Horizontal agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/horizontal%20agreement. Accessed 20 Oct. 2020.

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