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of <h1>2023 Amendment Expands Competition Act: New Provisions on Enterprise Agreements and Intellectual Property Rights Under Section 3</h1> The Competition (Amendment) Act, 2023 modifies section 3 of the principal Act. It introduces a proviso in sub-section (3) presuming participation in an agreement by enterprises not engaged in identical trade. Sub-section (4) is revised to include broader agreements among enterprises, changing 'supply' to 'dealing,' and excluding agreements between enterprises and end consumers. Definitions of 'tie-in arrangement' and 'exclusive dealing agreement' are expanded to include goods and services. Additional clauses clarify restrictions in agreements and include intellectual property rights under sub-section (5). These amendments took effect on May 18, 2023.
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