Exclusive Dealings are Anti-competitive: Parable or Realism

Exclusive Dealing agreements are agreements to sell a product on condition that the buyer takes all or effectively all of the requirements of that product from the seller. Such agreements have possible anticompetitive effects, but may also have redeeming efficiencies. To understand completely the ambit of this concept under the Competition Act, there is a need to study the relationship between the modern day economic theory and vertical restraints as competition law is entirely concerned with the study of markets and markets do not function without the connotations of economics.