Europen Union Business Law

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New Galaxy plc and Nixon enter a 5 year contract. Under the contract Nixon plc will supply New Galaxy with latest range of cards at substantial discount. New Galaxy plc agrees to sell only Nixon's cards for the duration. However in the mean time New Galaxy plc also enters into a contract with Jubilee cards a supplier of cards from Germany trying to enter in the UK market. Under the contract Jubilee cards will provide low priced cards to New Galaxy and will also arrange Nixon cards through one of its Nixon's Agency. "For existence of any agreement there must be a "meeting of minds" which leads to a contract (written or unwritten). This is often described using the term "cartel". Agreement may be of a horizontal (i.e. concluded by undertakings on the same level of production; e.g. producers) or of a vertical nature (i.e. concluded by undertakings on different levels of production; e.g. producers and wholesale traders). Articl

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