Parallel trade (parallel imports)

Trade in products, which takes place outside the official distribution system set up by a particular firm. Through their own distribution system, firms may cause differences in prices for different countries, exploiting national differences in the behaviour of...

Passive sales

Sales in response to unsolicited requests from individual customers, including delivery of goods or services to such customers. Sales generated by general advertising or promotion in the media or on the Internet that reaches customers in other distributorsā€™ exclusive...

Periodic penalty payment

The Commission may, by decision, impose periodic penalty payments in order to compel an undertaking to stop an infringement of competition rules in accordance with an earlier decision. In such a case, a daily amount is fixed which has to be paid for every day the...

Positive Comity

By positive comity, a country may ask the other parties to the agreement to take appropriate measures, under their competition law, against anti-competitive behaviour taking place on their territory that affects important interests of the requesting country. Source:...

Potential competition

Pressure exercised upon incumbent firms by the possibility that new or existing firms will enter a specific market (seeĀ Potential competitor). New entrants may be attracted by above-normal profits made in this market by incumbent firms, possibly as a result of weak...