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Bio-Rad iCode Introduction.mp4
Competing Fairly and Following Competition/Anti-Trust Laws
Fair markets and fair competition are important to us, and we do all we can to compete with integrity.
We compete on the world market by providing quality, innovative products and by consistently meeting our customers’ needs through our commitment to long-term relationships. We never engage in unfair or anti-competitive behavior, nor do we make untruthful statements about our products and services or those of our competitors.
There are international laws and regulations that prohibit anti-competitive behavior and levy severe penalties for violations. These laws can be complex and confusing, but they generally forbid making informal or formal agreements with competitors that might be unfair to customers or harm the fair market. Some activities that are specifically covered include:
- Bid rigging
- Price fixing
- Dividing or allocating market segments or territories
- Agreeing with our competitors to limit competition or output
Since even informal agreements can be suspect, we must be wary of all our interactions with competitors, such as speaking with a competitor at a trade show or meeting. Should you ever become involved in a discussion involving any prohibited topics, you should stop the conversation immediately and notify the Legal Department.
Expectations
- We limit contact with our competitors, and make sure to immediately end any discussions around competitive activity or pricing, and report incidents to the Legal Department.
- We compete based on innovative products, superior customer services, and value, not through agreements with our competitors.
- We ask questions and report concerns, understanding that competition law can be complex and confusing.
Training Videos in Multiple Languages
Key Terms
An agreement between competitors to withdraw or apportion markets, which can lead to higher prices, reduced quality or levels of service, or less innovation.
An agreement among competitors to keep or move prices to a certain level.
When competitors decide who will win a competitive bid process and arrange for the other parties to either submit uncompetitive bids or refrain from bidding.
Where to Get Help
Related Materials
FAQs
A: No. You should refuse such an arrangement and immediately end the conversation. If you feel you need market share or other sales data, you should speak with your manager. If anyone ever contacts you with an offer to share sales data or other information, you should decline and contact the Legal Department.
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A: You should not respond but rather contact your manager. He or she can help determine the best way to respond to the statements.
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