Competition law and intellectual property rights
Important competitive strengths for business operations are the intellectual property rights of a company. Competition law and intellectual property rights develop fast. Especially the EU legislation brings along various requirements for the competition between companies. Knowledge of law and understanding of legal practice help companies to act properly and protect their innovations. Licence agreements have an essential significance when utilizing protected intellectual property rights.
It is important for a company to know how it is allowed to proceed in its business. It should also be understood what are the limits of the competitors’ actions and how to act if these limits are outstripped. Knowledge of competition and IPR law is also needed when planning business acquisitions and other business arrangements.