17 Sep Definition Of A Cooperation Agreement
This is the case, for example, when the parties agree to determine prices, production or share markets, or when cooperation allows the parties to maintain, gain or increase their market power, which may have negative effects on the market in terms of price, production, quality of products, product diversity or innovation. While recognising the benefits that horizontal cooperation agreements can derive, the Commission must ensure that effective competition is maintained. Article 101 provides the legal framework for a balanced assessment that takes into account both the negative effects on competition and the beneficial effects on competition. © EUR Lex A specific agreement is an agreement defining the areas of knowledge, specific activities, roles and financial responsibilities of the parties and academic departments that will be responsible for the implementation of the agreement. Specific agreements are usually signed by the dean or head of department concerned. Technology continues to advance rapidly and strategic cooperation agreements between well-known companies and niche suppliers have become abundant. These agreements can open up new markets, develop technologies for societal change and combine staff resources in a way that is not possible on its own. In highly specialized fields such as computers, software, pharmaceutical research, and natural resource development, brilliant intelligence remains scarce, and cooperation can bring lasting joy and prosperity. . . .