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 anticompetitive business conduct. 2. 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 anticompetitive business conductpractices. 2. Each Party shall maintain an authority or authorities responsible for the enforcement of its national competition laws.

Competition Laws and Authorities. 1. Each Party The Parties shall maintain or adopt enforce competition laws (47) that promote and protect the competitive process in its market their markets by proscribing anticompetitive business conductconduct or transactions referred to in Article 13.1. 2. Each Party The Parties shall maintain an authority or authorities responsible for the enforcement of its their 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 anticompetitive anti-competitive business conduct. 2practices. Each Party shall maintain an authority or authorities responsible for the enforcement of its national competition laws. 2. Each Party shall also take appropriate actions, according to each Party's relevant laws and regulations with respect to anti- competitive business practices, which will prevent the benefits of trade liberalization from being undermined.