#JWPBlog – Monopoly and fair competition – learn the principles of creating contracts
In times of rapid technological progress and an economy based on information and knowledge, two autonomous legal concepts play a significant role in shaping business environment, concepts which may seem to be contradictory: intellectual property law and competition law. The first one protects investments, progress and innovations by granting the entitled person an exclusivity, i.e. a legal monopoly to use their products or solutions, in specific territories (most often in specific countries). The second one, as a public law, protects the free and competitive market.
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