vertical agreement

Definition of "vertical agreement"
  1. An understanding between business competitors who operate at different stages of supply chain activity that influences competition
How to use "vertical agreement" in a sentence
  1. There was a legal investigation into the vertical agreement between the manufacturer and the retailer.
  2. The vertical agreement was suspected to undermine healthy competition in the market.
  3. Regulatory bodies often have strict criteria for approving vertical agreements to ensure they don't interfere with fair competition.

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