Common use of RULES APPLICABLE TO UNDERTAKINGS Clause in Contracts

RULES APPLICABLE TO UNDERTAKINGS. Article 53 1 The following shall be prohibited as incompatible with the functioning of this Agreement: all agreements between undertakings, decisions by associations of undertakings and concerted practices which may affect trade between Contracting Parties and which have as their object or effect the prevention, restriction or distortion of competition within the territory covered by this Agreement, and in particular those which: a directly or indirectly fix purchase or selling prices or any other trading conditions; b limit or control production, markets, technical development, or investment; c share markets or sources of supply; d apply dissimilar conditions to equivalent transactions with other trading parties, thereby placing them at a competitive disadvantage; e make the conclusion of contracts subject to acceptance by the other parties of supplementary obligations which, by their nature or according to commercial usage, have no connection with the subject of such contracts. 2 Any agreements or decisions prohibited pursuant to this Article shall be automatically void.

Appears in 7 contracts

Samples: www.legislation.gov.uk, www.legislation.gov.uk, www.legislation.gov.uk

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.