Law Dictionary

vertical agreement

noun ver·ti·cal agreement \ ˈvər-ti-kəl- \

legal Definition of vertical agreement

: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.

Seen and Heard

What made you want to look up vertical agreement? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

to conform or adhere

Get Word of the Day daily email!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!