Explain 'tie-in agreement' and 'exclusive supply agreement' under the Competition Act, 2002.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2024
Explain 'tie-in agreement' and 'exclusive supply agreement' under the Competition Act, 2002.
Answer & Explanation:
Explanation to Section 3 of the Competition Act, 2002 defines the terms "Tie-in agreement" & "Exclusive supply agreement". "Tie-In Arrangement" includes any agreement requiring a purchaser of goods or services, as a condition of such purchase, to purchase some other distinct goods or services. "Exclusive Supply Agreement" includes any agreement restricting in any manner the purchaser in the course of his trade from acquiring or otherwise dealing in any goods other than those of the seller or any other person. "Exclusive Dealing Agreement": In view of the Amendment Act 2023, the exclusive supply agreements are renamed as Exclusive Dealing Agreement which includes any agreement restricting in any manner the purchaser or the seller, as the case may be, in the course of his trade from acquiring or selling or otherwise dealing in any goods or services other than those of the seller or the purchaser or any other person, as the case may be.
Topics: Competition Law
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