Developments are the bedrock of advancement. An innovation is another answer for a specialized issue and can be secured through licenses.This makes open doors for designers to sell, exchange or permit their licensed advancements with other people who might need to utilize them. It is designed to streamline and harmonize formal requirements set by national or regional Patent Offices with respect to the filing of national or regional patent applications and the maintenance of patents and certain additional requirements related to patents or patent applications, for example, communications, representation or recordation of changes concerning patents and patent applications. According to an impact assessment, the implementation of the PLT was considered to have positive impacts on users, particularly in terms of simplification of procedures. The objective of competition policy is to ensure a fair functioning of the market and, in particular, that market entry is not unduly prevented or made difficult. Anti-competitive practices include a range of activities, such as abusive exclusionary conduct by a dominant company, refusal to provide certain goods or to grant licenses on market conditions, charging excessive prices, vertical arrangements between suppliers and distributors and other agreements among firms which lead to the distortion of competition on the market.