The Competition Act 1998 Update
· WOWERI
The UK has introduced changes to the Competition Act 1998, affecting block exemptions for technology transfer agreements.
Introduction
The UK has introduced changes to the Competition Act 1998, affecting block exemptions for technology transfer agreements. These changes are based on the recommendations of the Competition and Markets Authority (CMA).
What's changed
The changes introduce block exemptions for certain technology transfer agreements. This means that such agreements will be exempt from the prohibition on anti-competitive agreements under Chapter 1 of Part 1 of the Act.
Why it matters
The purpose of these changes is to promote technological innovation and competition in the market.
What's next
For more information on the new rules and their application, we recommend checking the official sources, such as The Competition Act 1998 (Technology Transfer Agreements Block Exemption) Order 2026.
What to do next
Source: legislation.gov.uk