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of <h1>Section 3 of Competition Act, 2002: Void Agreements Harming Competition; Exceptions for Efficiency, IP Rights, and Exports.</h1> Section 3 of the Competition Act, 2002 prohibits agreements that adversely affect competition in India. It declares void any agreement related to production, supply, distribution, or control of goods or services that causes or is likely to cause an appreciable adverse effect on competition. Agreements that fix prices, limit production, share markets, or result in bid rigging are presumed anti-competitive. Exceptions include efficiency-enhancing joint ventures and agreements between enterprises and end consumers. The section also addresses specific anti-competitive practices like tie-in arrangements, exclusive dealing, and resale price maintenance, while allowing rights protection under intellectual property laws and export agreements.
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