📁 Intellectual Property seeks to monopolize due to the justification for the right. The Competition Law, on the other hand, strives to create healthy competition and to increase the economic efficient of the company. Hence, both these acts, although are completely different in nature, should work hand in hand to allow consumer to enjoy goods and services at an economical price. Competition law keeps the economy running by allowing competitors to sell similar products provided they do not infringe the rights of another.