Common use of Competition Law and Enforcement Clause in Contracts

Competition Law and Enforcement. 1. Each Party shall adopt or maintain competition laws that proscribe anti- competitive business conduct with the objective of promoting economic efficiency and consumer welfare.

Competition Law and Enforcement. 1. Each Party shall adopt or maintain competition laws that proscribe anti- competitive anticompetitive business conduct with the objective of promoting economic efficiency and consumer welfare. 2. With a view to preventing distortions or restrictions on competition the Parties will give particular attention to anti-competitive agreements, concerted practices or arrangements by competitors and abusive behaviour resulting from single or joint dominant positions in a market. These practices refer to goods and services and may be carried out by any enterprise irrespective of the ownership of that enterprise. 3.