vertical privity

vertical privity
   A legal relationship between companies in the chain of distribution of a product that creates certain responsibilities, including liability for defects in the product. For example, vertical privity exists between an automobile manufacturer and the dealership that sells an individual car made by the manufacturer in that both the dealer and the manufacturer are liable for defects in the cars sold. See privity.

Business law dictionary. 2015.

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  • vertical privity — n 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… …   Law dictionary

  • privity — priv·i·ty / pri və tē/ n pl ties [Old French privité privacy, secret, from Medieval Latin privitat privitas, from Latin privus private] 1: the direct connection or relationship between parties to a contract or transaction (as a purchase) privity… …   Law dictionary

  • privity — In its broadest sense, privity is defined as mutual or successive relationships to the same right of property, or such an identification of interest of one person with another as to represent the same legal right. Petersen v. Fee Intern., Ltd., D …   Black's law dictionary

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