What does vertical agreement mean?
Definitions for vertical agreement
ver·ti·cal agree·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word vertical agreement.
Wikipedia
Vertical agreement
A vertical agreement is a term used in competition law to denote agreements between firms at different levels of the supply chain. For instance, a manufacturer of consumer electronics might have a vertical agreement with a retailer according to which the latter would promote their products in return for lower prices. Franchising is a form of vertical agreement, and under European Union competition law this falls within the scope of Article 101.Whether a vertical agreement actually restricts competition and whether in that case the benefits outweigh the anti-competitive effects will often depend on the market structure. Contractual parties may include contractual restraints or obligations in vertical agreements to protect an investment or to simply ensure day-to-day business operation (e.g. distribution, supply or purchasing arrangements).
Numerology
Chaldean Numerology
The numerical value of vertical agreement in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of vertical agreement in Pythagorean Numerology is: 7
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"vertical agreement." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/vertical+agreement>.
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