vertical privity

Definitions of "vertical privity"
  1. A connection or relationship between a person who obtains property that has a restrictive agreement, and the individuals who put the agreement in place
  2. A relationship between different entities involved in successive steps of a product distribution chain, such as a manufacturer and retailer
How to use "vertical privity" in a sentence
  1. In the case of the retail store, there was vertical privity between the property owner who signed a non-compete clause and the new tenant.
  2. The contract established a vertical privity between the widget manufacturer and the retail outlet stocking their product.
  3. The shopping mall's lease created a vertical privity situation, linking the mall owner with each individual store on the premises.

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