Competition law ipleaders

Some of the notable features of The Competition Act, 2002 have been laid down hereunder:

One of the key challenges that competition law, often known as antitrust law, addresses is dominance.
The concept of “dominance” refers to the ability of a firm or group of firms to influence output or pricing in the relevant market.
Abuse refers to the misuse, exploitation, or excessive use of a person’s power.

Competition Law is designed to maintain and promote a fair and healthy competition between enterprises in the market.
It aims to protect the interests of the consumers and ensure freedom of trade carried on by other players in the market by regulating the conduct of these enterprises and by refraining them […] .

The purpose of competition law is to safeguard and enhance consumer welfare by reducing monopolistic power.
On the contrary, IPR is focused on innovation by granting the owners exclusive rights to execute a commercial business, but this does not imply that they may exercise a monopoly position in the market.