vertical privity

noun

Legal Definition of vertical privity

1 : privity between one who acquires property burdened with a restrictive covenant and those who executed the covenant require vertical privity for a restrictive covenant to run with the land
2 : privity between parties (as a manufacturer and retailer) who occupy adjoining levels in a system of product distribution

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Dictionary Entries Near vertical privity

vertical price-fixing

vertical privity

vertical restraint

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Cite this Entry

“Vertical privity.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/vertical%20privity. Accessed 21 Oct. 2021.

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