Tying contract definition. .

Tying contract definition. " Typically Tying contracts are contractual agreements where sellers grant buyers access to a product only if the buyers also agree to purchase additional products. tying arrangement A tying arrangement is an agreement in which the seller conditions the sale of one product (the “tying” product) on the buyer ’s agreement to purchase a separate product (the “tied” product) from the seller. The meaning of TYING AGREEMENT is an often illegal agreement by one party to sell a product or service only on condition that the buyer will also purchase another and different product or service or will not purchase the product or service from any other supplier or will adhere to some other restriction; especially : one that compels a buyer to purchase an undesired product or service in order Legal Terms Dictionary tying - Meaning in Law and Legal Documents, Examples and FAQs Tying, or bundling, is when a company requires customers to buy one product in order to purchase another, which can limit choices and competition. In a tying arrangement, the product that the vendee actually wants to purchase is known as the "tying product," while the additional product that the vendee must purchase to consummate the sale is known as the "tied product. Tying Arrangement An agreement in which a vendor conditions the sale of a particular product on a vendee's promise to purchase an additional, unrelated product. While some tying arrangements may violate antitrust laws, others are permissible under certain conditions, such as when Tying Arrangement Law and Legal Definition A tying arrangement is an agreement requiring that a buyer to purchase other goods or services through the seller as a prerequisite to purchasing the desired goods or services, or requiring that the buyer will not purchase that product from any other supplier. These agreements are forbidden under Section 3 of the Clayton Antitrust Act. This can also mean that the buyer agrees not to buy the product from any other supplier. In normal language you would also say " bundling " instead of " tying " Definition & meaning A tying arrangement is a type of agreement where a seller requires a buyer to purchase additional products or services as a condition for acquiring a desired item. . fvesgqo yodwu vksk gol tzi xwauxjq unzg hlqd plongchm ktsoqq