Practice question
Must an agreement under Section 4(b) of the Philippine Competition Act always be a signed written contract?
- No; informal, tacit and oral arrangements or concerted action can fall within the definition
- Yes, without exception
- Only notarized contracts qualify
- Only contracts registered with the SEC qualify
- Only a court judgment can be an agreement
Legal references
- RA 10667, Philippine Competition Act, Sections 4, 14-15 and 24-27: https://lawphil.net/statutes/repacts/ra2015/ra_10667_2015.html
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