LONDON (Reuters) -Britain’s competition regulator has recommended replacing a legacy EU-era exemption for technology licensing agreements with a UK-specific framework, in a move aimed at modernising post-Brexit competition rules.

The Competition and Markets Authority said on Tuesday it had advised the government to scrap the Assimilated Technology Transfer Block Exemption Regulation (TTBER), which is due to expire in April next year, and replace it with a new 12-year UK exemption order.

The TTBER allows companies to share and license technology, such as patents or software, under certain conditions without breaching competition law.

“Technology transfer agreements can often be pro-competitive and can benefit innovation, investment and growth… but certain clauses within such agreements c

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