Antitrust and Competition Laws
Antitrust and competition laws protect free enterprise. While these laws are
complex and difficult to summarize, at a minimum they prohibit agreements
between Pfizer and our competitors that affect prices, terms or conditions of sale,
or fair competition. If you are responsible for areas of the business where these
laws apply, you must be aware of them and their implications, including how they
apply in the country in which you operate.
Pfizer prohibits:
◗◗ discussions or contacts with competitors about pricing, costs, or terms or
conditions of sale;
◗◗ discussions or contacts with suppliers and customers that unfairly restrict trade
or exclude competitors from the marketplace;
◗◗ agreements with competitors regarding allocating markets or customers; and
◗◗ agreements with others to boycott customers or suppliers.
Many countries have antitrust or competition laws, though they vary significantly
from country to country. For example, certain countries’ competition laws may be
more stringent than those of the United States and regulate, among other things:
distribution agreements; rebates and discounts to customers; patent, copyright
and trademark licenses; territorial restrictions on resellers; and pricing policy
generally. These laws are complex. You must ask for advice from the Legal Division
before you act.
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