Competition Law (Wettbewerbsrecht)

Definition

The area of law that protects fair competition between businesses and prohibits unfair commercial practices.

Detailed Explanation

German competition law is primarily regulated by the Act Against Unfair Competition (UWG). It prohibits misleading commercial practices, aggressive commercial practices, and the undue influence of consumers. Violations can be sanctioned through cease-and-desist claims, damages, and fines.

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