- vertical restraint
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vertical restraint n: a restraint of trade involving parties (as manufacturers and wholesalers) at different levels of a market structure
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
vertical restraint
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vertical — ver‧ti‧cal [ˈvɜːtɪkl ǁ ˈvɜːr ] adjective 1. HUMAN RESOURCES a vertical organization, system etc is one in which decisions and rules are passed on to employees through several different levels of management: • Our team has abandoned the vertical… … Financial and business terms
restraint of trade — 1: an act, fact, or means of curbing the free flow of commerce or trade covenant not to compete with an employer after leaving is in restraint of trade and must be reasonable to be enforced 2: an attempt or intent to eliminate or stifle… … Law dictionary
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vertical — Pertaining to a relationship between a buyer and a seller e.g., an agreement between a supplier and a retail dealer is called a vertical agreement. See also vertical integration @ vertical price fixing contract An illegal agreement to maintain… … Black's law dictionary
horizontal restraints of trade — A restraint of trade involving businesses at the same level of operation. A horizontal restraint is an agreement between competitors to refuse to deal with one or more persons, while a vertical restraint (vertical restraints of trade) involves… … Black's law dictionary
horizontal restraints of trade — A restraint of trade involving businesses at the same level of operation. A horizontal restraint is an agreement between competitors to refuse to deal with one or more persons, while a vertical restraint (vertical restraints of trade) involves… … Black's law dictionary
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