Define the terms "tie-in agreement" and "exclusive supply agreement" under the Competition Act, 2002.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2022
Define the terms "tie-in agreement" and "exclusive supply agreement" under the Competition Act, 2002.
Answer & Explanation:
For the purpose of Section 3(4) of the Competition Act, 2002 provides explanation to (a) tie-in arrangement; (b) exclusive supply agreement. "Tie-in Arrangement" includes any agreement requiring a purchaser of goods, as a condition of such purchase, to purchase some other goods. "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.
Topics: Competition Act, 2002
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