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.

Learn More About vertical agreement

Cite this Entry

“Vertical agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/vertical%20agreement. Accessed 24 Jul. 2021.

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