Enter to open, tab to navigate, enter to select
Tying Arrangement
Practical Law Glossary Item 1-383-7925 (Approx. 3 pages)
Glossary
Tying Arrangement
This term has a number of meanings. In the context of:
- Antitrust, an arrangement in which a supplier refuses to sell or lease a product or service (the tying product or service) unless the customer either:
- buys or leases a different product or service (the tied product or service); or
- agrees not to buy or lease the tied product or service from any other supplier.
For more information, see Practice Note, Tying Arrangements. - Bank products and services, an arrangement in which a bank conditions the availability or price of one product or service on a requirement that the customer either:
- buys another non-bank product or service from the bank or its affiliate;
- provides some additional credit, property, or service to the bank or its affiliate, other than those related to and usually provided in connection with the traditional bank product or service being offered; or
- refrains from obtaining some other credit, property, or service from a competitor of the bank or its affiliate, unless the condition is reasonably imposed in a credit transaction to ensure the soundness of the credit.
For more information, see Practice Note, Banking Regulation Anti-Tying Rules.