before you read the deffinition: FRANCHISE: 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.
Posted by Deleted (9e2476b2) at 2020-11-21 15:44:51 UTC