Libertatem Magazine Issue 1 | Page 41

IPRs are essential for the innovation, creativity and diffusion of technology where as competition law is essential to prevent the anti-competitive practices. However many of the IP licensing practices like tying, grant backs and pooling are not intrinsically restrictive in nature. The restrictive practices in this particular area have been given way for the “rule of reason” approach. On other hand Competition forms the basis for the companies for earning profits. Ever y countr y’s economic structure differs from another according to the laws and regulations and the economic structure of the country. India follows a mixed economy due to which all the market structures are applicable to the country varying from one sector to another sector. Competition law is a newly emerged legislation and has been adopted by the emerging developing and developed nations to suit their market structures. All in all every country’s competition law focus on controlling the anti-competitive practices such as dumping, price fixing etc, mergers and acquisitions which are likely to have an adverse effect on the market sector and restricting those practices which are likely to restrict the free trade and economy. Innovation forms the basis for the development. CONFLICT OF INTELLECTUAL PROPERTY RIGHTS IN COMPETITION LAW COMPETITION LAW AND IPR: HISTORICAL PERSPECTIVE The competition law of India was enacted after repelling the Monopolistic and Restrictive Policy Act of 1969 by the Raghavan Committee which has been reflected in Section 66 of the Competition law of India. The three main provisions of the said Act has been reflected in the Section 3 , Section 4 and Section 5 and 6 of the act stating “Prohibition of Anti Competitive agreement” , “ Abuses of Dominant position” and “ Combinations” respectively. The distinguishing feature of this particular law is that abusive use of the IPRs is given no room for abusing the competition level in the market. Intellectual property protection per se is not abusive but ironically, if it dominates over the market it is only doing a legitimate job of its purpose, namely to create to incentive for further innovation. However, when companies refrain from licensing their intellectual property to competitors, they undermine the basic tenets of competition law as well as the spirit of intellectual property protection. NEXUS BETWEEN IPR AND COMPETITION LAW The objective of the competition law involves two faces firstly protect consumer welfare secondly the economic freedom of market players. When a patent holder adopts any kind of anticompetitive practices, governments can adopt measures like the compulsory licensing of such technologies which has been stated in the 31(b) of the WTO Trade Related Aspects of Intellectual Property Law (TRIPs) Agreement. The various sections which speaks about forming a nexus with two laws are: Section 3(5) of the Indian Competition Act which exempts reasonable use of such inventions from the purview of competition law, ~TRISHLA SANYAL [AKK NEW LAW ACADEMY, UNIVERSITY OF PUNE, PUNE] Section 4(2) of the Indian Competition Act which makes the action by enterprises to be treated as abuse be equally applicable to IPR