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  1. Valid Contract:

  2. Veniremen:

  3. Venue:

  4. Vertical Integration:

  5. Vertical Merger:

  6. Vertical Privity:

  7. Vertical Restraint:

  8. Vesting:

  9. Violation:

  10. Voidable Contract:

  11. Void Contract:

  12. Voir Dire:

Papers

V

Valid Contract:

A contract the courts will enforce as a legal obligation.

Veniremen:

Potential jurors who are assembled and then selected to try civil cases. 

Venue:

The particular locality in which a court with jurisdiction may hear a case. 

Vertical Integration:

The unification into a single company of all the steps involved in making and selling a product, from raw materials to production to sales.

Vertical Merger:

A merger between firms with a buyer-seller relationship; that is, in which a firm buys either its customer or its supplier. 

Vertical Privity:

In product liability cases, a concept that a court may apply to determine which par ties in a product's chain of distribution are liable to the consumer. For example, the consumer may be able to recover against a retailer but not against the manufacturer if vertical privity is held not to extend to the manufacturer.

Vertical Restraint:

A restraint of trade involving an agreement between companies at different stages of producing and distributing some product or service.

Vesting:

Refers to an employee's right to participate in a pension plan and to receive the money that the employer has contributed to the plan. Many plans require employees to work a minimum number of years in order to have a right to a pension, that is, to be vested.

Violation:

An injury or breach of duty. In criminal law, a petty offense such as a parking or speeding ticket.

Voidable Contract:

A contract that is defective but may still be enforceable. Generally, one party to the contract may choose to withdraw from it or to have it enforced.

Void Contract:

A contract with no legal force.

Voir Dire:

Questioning of a selection of potential jurors by the trial judge or the lawyers for each side, in order to determine eligibility to serve and to ascertain preexisting bias or interest.