Anti Competitive Agreements Real Life Examples

Abstract: With the advent of globalization, the product market has broadened its horizons beyond expectations. In such a situation, many companies are trying to gain a competitive advantage over other competing entities in the market. In order to preserve peace and healthy competition in the market, it is essential that competition authorities take note of these activities and impose sanctions. Meaning and definition of anti-competitive agreements: agreements on the production, supply, distribution, storage, purchase or control of goods or services that could significantly affect or create competition in India are anti-competitive agreements. In order to define anti-competitive agreements in an inclusive manner, it includes all agreements or agreements or measures in consultation, all formal and informal agreements, written or oral, agreements that are not supposed to be enforced by law. HORIZONTAUX ACCORDS – Horizontal agreements are agreements between companies of the same level of production. Article 3, paragraph 3, agreements that involve agreements that involve identical or similar exchanges of goods or services, which would be a comparison between section 3332 of the MRTP Act, 1969 and the corresponding provisions of Section 3 of the Competition Act, 2002, that the anti-competitive agreements covered by Sections 3 and 4 of the Competition Act are , to some extent, comparable to restrictive business practices. clauses (a) (d), (f)-) (h), j, j) section 1 of Section 33 of the 1969 MRTP Act. Is an exchange of anti-competitive information in the pharmaceutical sector more likely, given the greater transparency imposed by measures such as disclosure of relationships with HCPs, clinical trials, etc.? Conclusion: the new economic policy of 1991 has, on the one hand, made our lives enjoyable, because the goods and services necessary for our use are available in abundance and, on the other hand, it has opened a new challenge to prevent anti-competitive agreements by producers and service providers. Under the law, appropriate measures have been taken to prevent anti-competitive agreements and an institution has also been established, i.e. a commission to ensure effective implementation of the law, but the law and the ICC must be properly empowered to deal with such situations. The provisions for the prohibition of anti-competitive agreements under the Act are, to some extent, sufficient to maintain fair competition in the market and thus protect the interests of consumers.