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Comments on lawyers' preparation for Europe's accession of several member states and the introduction of a package of measures intended to modernize the existing European system of competition law. Revision to the special exemption from competition rules, the Technology Transfer Block Exemption Regulation, issued by the European Commission for intellectual property (IP) licenses and technology transfer agreements; Inclusion of territorial exclusivity and product tying clauses; Risk that the rules might actually increase the regulatory cost burden for companies licensing their IP in Europe.