Common use of Competition Law Clause in Contracts

Competition Law. 1. To the extent that a Party has adopted and applied measures (including competition law or sector-specific regulations) to address anti-competitive practices and arrangements, those measures shall be consistent with competition principles. 2. Where generic or relevant sectoral competition laws are in force in the Parties’ respective territories, the Parties shall ensure that all commercial activities are subject to such laws. 3. Notwithstanding paragraph 2, where generic or relevant sectoral competition laws are in force, either Party may exempt specific measures or sectors from the application of its general competition laws, provided that such exemptions are transparent and undertaken on the grounds of national policy or public interest. 4. Nothing in this Chapter requires a Party to adopt specific measures to address anti-competitive practices or prevents it from withdrawing such measures, nor does this Chapter prevent a Party from adopting policies in other fields, for example to promote economic development.