tying agreement Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: tying agreement
tying agreement

sales practice forbidden by Section 3 of the Clayton Act in which a marketer uses economic dominance over the supply of one product to force customers to purchase another product, thereby competing unfairly. For example, the sole manufacturer of a patented pharmaceutical who restricts sale of that drug to customers who also purchase another nonpatented drug. In the absence of a monopoly, it has been difficult for the courts to prove that economic dominance exists and the mere existence of a patent is not adequate evidence.

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Copyright c 2000, 1994, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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