Segmentation Agreement
/ˌsɛɡmɛnˈteɪʃən əˈɡriːmənt/
Definitions
- (n.) A contract between parties to divide markets, territories, or customers to avoid competition.
The companies entered into a segmentation agreement to allocate specific regions for their exclusive business operations.
Forms
- segmentation agreements
See also
Commentary
Segmentation agreements are typically scrutinized under antitrust laws as they may restrain competition; precise drafting is essential to avoid illegality.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.