Block exemption definition

What does Block exemption mean?

EU Regulation or UK Order that exempts a category of agreements, often according to their sector (e.g. Motor vehicle distribution agreements) from the prohibitions in Article 101(1) TFEU and section 2 of the Competition Act 1998

Block exemptions are designed to provide greater legal certainty to businesses on the application of EU and UK competition law and are provided to categories of agreements where the benefits they generate outweigh the anti-competitive effects. Agreements covered by a block exemption thereby satisfy the criteria for exemption from the prohibitions, in Articles 101(1) TFEU and section 2 of the Competition Act 1998, outlined in Article 101(3) TFEU and section 9 of the Competition Act 1998 respectively.

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Block exemption is referenced 3 in Encyclopaedia of Forms and Precedents

Block exemption is referenced 1 in Halsbury's Laws of England

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