Abstract

In his speech on 16 January 2004, the European Commissioner for Competition Policy countered the apparent outdated thinking that the marriage of "the innovation bride and the competition groom... will unavoidably lead to divorce because of conflicting aims of intellectual property rights (IPR) law and competition law". He stated that "competition is a necessary stimulus for innovation" and "IPR law and competition law have a complementary role to play in promoting innovation to the benefit of consumers. Like in all good marriages, the real question is how to achieve a good balance between both policies". So will this balance be achieved with the new regime or will it stifle technology licensing?

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