vertical privity

noun

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

Dictionary Entries Near vertical privity

Cite this Entry

“Vertical privity.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/vertical%20privity. Accessed 22 Jun. 2024.

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