Glossary of competition terms

This Glossary was prepared by DG COMP and the OECD for non-competition specialists. Each term is enriched with references of national case laws from the e-Competitions Bulletin. (© European Union - © OECD)

Block exemption (regulation)

Regulations, issued by the Commission or by the Council pursuant to Article 101(3) TFEU specifying the conditions under which certain types of agreements are exempted from the prohibition of restrictive agreements laid down in Article 101(1) TFEU. When an agreement fulfils the conditions set out in a block exemption regulation, the agreement is automatically valid and enforceable. Block exemption regulations exist, for instance, for vertical agreements, R&D agreements, specialisation agreements, technology transfer agreements and car distribution agreements.

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