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 5 Nov. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!