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vertical privity

 - 1 dictionary result
Legal Dictionary

Main Entry: vertical privity
Function: noun
1 : privity between one who acquires property burdened with a restrictive covenant and those who executed the covenant 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
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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