Common use of Competition Laws and Authorities Clause in Contracts

Competition Laws and Authorities. 1. Each Party shall maintain or adopt competition laws that promote and protect the competitive process in its market by proscribing anti-competitive business practices. Each Party shall maintain an authority or authorities responsible for the enforcement of its national competition laws.

Competition Laws and Authorities. 1. Each Party shall maintain or adopt competition laws that promote and protect the competitive process in its market by proscribing anti-competitive anticompetitive business practices. Each Party shall maintain an authority or authorities responsible for the enforcement of its national competition lawsconduct.

Competition Laws and Authorities. 1. Each Party shall maintain or adopt competition laws that promote and protect the competitive process in its market by proscribing anti-competitive anticompetitive business practices. Each Party shall maintain an authority or authorities responsible for the enforcement of its national competition laws.

Competition Laws and Authorities. 1. Each Party shall maintain or adopt competition laws that promote and protect the competitive process in its market by proscribing proscribe anti-competitive business practices. Each Party conduct and transactions, with the objective of promoting economic efficiency and consumer-welfare, and shall maintain an authority or authorities responsible for the enforcement of its national competition lawstake appropriate action with respect to anti- competitive business conduct and transactions.