Dictionary

block exemption

a legal exemption to competition regulations that is given to a particular class of business entities The Commission looks certain to withdraw the benefit of the block exemption in the UK. This would lead to increased competition in the industry to the benefit of the consumer.

Phrase Bank

  • The case for block exemption of franchising does not appear clear in economic theory.
  • In 1985 the Commission issued a block exemption on the application of Article 85(3) to R&D agreements.