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Paragraph 3 Pre-existing research and development agreements

Original text. Later amendments are not shown.

(1)

Sub-paragraph (2) applies if—

(a)

a research and development agreement is entered into before exit day, and

(b)

in relation to the agreement, the 7 year period specified in Article 4(1) of the EU R&D block exemption regulation begins before exit day.

(2)

On and after exit day, Article 4(1) of the retained R&D block exemption regulation has effect in relation to the agreement without the modification made by paragraph 7(4) of Schedule 3 to these Regulations.

(3)

Sub-paragraph (4) applies if—

(a)

a research and development agreement is entered into before exit day, and

(b)

immediately before exit day, the agreement contains an obligation described in Article 6(b) of the EU R&D block exemption regulation.

(4)

On and after exit day, Article 6(b) of the retained R&D block exemption regulation has effect in relation to the agreement without the modification made by paragraph 7(6)(b) of Schedule 3 to these Regulations.

(5)

In this paragraph—

  • “research and development agreement” has the same meaning as in the EU R&D block exemption regulation;

  • “the R&D block exemption regulation” means Commission Regulation (EU) 1217/2010 on the application of Article 101(3) of the Treaty on the Functioning of the European Union to certain categories of research and development agreements;

  • “the EU R&D block exemption regulation” means the R&D block exemption regulation as it has effect as part of EU law immediately before exit day;

  • “the retained R&D block exemption regulation” means the R&D block exemption regulation as it has effect as part of domestic law on and after exit day.