LAW OF THE AZERBAIJAN REPUBLIC

of June 2, 1995 No. 1049

About unfair competition

This Law establishes organization-legal bases of prevention and elimination of unfair competition, creates the legal soil for implementation of business activity by fair methods, provides responsibility of subjects of the market for application of methods of unfair competition by them.

The law extends to all subjects of the market operating in the territory (except the Alyatsky free economic zone) the Azerbaijan Republic.

Chapter I. General provisions

Article 1. Basic concepts

For the purposes of this Law the following basic concepts are used:

the competition - fight form between subjects of the market for optimum conditions of business activity in case of which their independent activities thoroughly limit possibilities of each of them to influence general condition of the goods circulation (products, works, services) in the market and stimulates production of the goods necessary for the consumer;

unfair competition - the actions of the subject of the market directed to achievement of benefit in business activity by application of the unfair methods contradicting the current legislation which can cause damage to other subjects of the market (competitors) or belittle their business authority;

illegal payments - the payments of material and intangible nature provided for bribery of officials of state bodies, persons holding executive positions in political parties, workers of subjects of media, management and employees of subjects of the market for achievement of unreasonable (unjustified) benefits in competitive struggle;

the competitor - the subject of the market capable to submit goods for the market of certain goods (interchangeable goods).

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