Common use of Rules of Competition Clause in Contracts

Rules of Competition. 1. The following are incompatible with the proper functioning of this Agreement in so far as they may affect trade between Norway and the Faroe Islands: (a) all agreements between undertakings, decisions by associations of undertakings and concerted practices between undertakings which have as their object or effect the prevention, restriction or distortion of competition as regards the production of, or trade in, goods; (b) abuse by one or more undertakings of a dominant position in the territories of Norway or of the Faroe Islands as a whole or in a substantial part thereof. 2. If a Contracting Party considers that a given practice is incompatible with the provisions of paragraph 1, it may take appropriate measures after consultations with the other Party or after thirty days following referral for such consultations.

Rules of Competition. 1. The following are incompatible with the proper functioning of this Agreement in so far as they may affect trade between Norway and the Faroe IslandsIslands and Iceland: (a) all agreements between undertakings, decisions by associations of undertakings and concerted practices between undertakings which have as their object or effect the prevention, restriction or distortion of competition as regards the production of, or trade in, goods; (b) abuse by one or more undertakings of a dominant position in the territories of Norway or of the Faroe Islands or of Iceland as a whole or in a substantial part thereof. 2. If a Contracting Party considers that a given practice is incompatible with the provisions of paragraph 1, it may take appropriate measures after consultations with the other Party or after thirty days following referral for such consultations.

Rules of Competition. 1. The following are incompatible with the proper functioning of this Agreement in so far as they may affect trade between Norway and the Faroe Islands: (a) all agreements between undertakings, decisions by associations of undertakings and concerted practices between undertakings which have as their object or effect the prevention, restriction or distortion of competition as regards the production of, or trade in, goods; (b) abuse by one or more undertakings of a dominant position in the territories of Norway or of the Faroe Islands as a whole or in a substantial part thereof. 2. If a Contracting Party considers that a given practice is incompatible with the provisions of paragraph 1, it may take maytake appropriate measures after consultations with the other theother Party or after thirty days following referral for such consultations.