vertical agreement

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Agreements between businesses at different levels of the supply chain; for example, agreements between suppliers and distributors or between wholesalers and retailers (compare horizontal agreements). EU regulation 2790/99 exempts certain vertical agreements from the competition rules. The EU exemption applies provided that clauses from a list of banned clauses are not included in the agreement concerned and a 30% market share threshold is not exceeded. Many vertical agreements benefit from block exemption protection.

Subjects: Law.

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