Compliance with Competition Laws. The Members acknowledge that any activities carried out under this Agreement shall be carried out in full compliance with European Union (EU) competition law, in particular but not limited to Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU) as well as any applicable national competition laws. The Members explicitly agree to observe CEFIC REACH competition law compliance guidance attached as Appendix 5 hereto. This guidance shall be complied with at all times by the bodies of the Consortium, the Members, and any outside consultants and/or experts that may be retained from time to time by the Consortium. Any contractors engaged by Members shall be contractually obliged to comply with the CEFIC guidance. Should it become apparent at any time that this Agreement, any provision of this Agreement, or any activity or decision of the Members of the Consortium, could have a potentially restrictive effect on open and fair competition, in breach of any statutory provision, each Member to this Agreement, as well as the Consortium Manager, the Chair and the Legal Counsel shall take immediate steps to remedy that situation.
Appears in 4 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
