Essential Facilities

A doctrine of competition law that relates to a situation where a powerful competitor in a market can control access to a key asset required to compete in that market, such as an API, aircraft slot, distribution channel, etc., conferring on it a dominant position. When a market participant controls an essential facility, it may be compelled to provide access to other competitors on reasonable and non-discriminatory terms. See, Competition Law, Compulsory License, Magill.

Related Terms

Term posted by Origin on in ,