Chicago Immigration Lawyer, Illinois
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Lehman53 W Jackson Blvd
Chicago, IL 60604
American2651 W Devon Ave
Chicago, IL 60659
Legal Term Highlighted
vertical privity: A legal relationship in corporate law that exists between companies in the chain of distribution of a product. This relationship creates responsibilities between the companies involved, including being liable for defects in the product. For example, vertical privity exists between the manufacturer of a car and the dealership that sells it. Therefore, both the dealer and the manufacturer are liable for defects in cars sold by the dealership.
