97The applicability of the exemption provided for in Article 101(3) TFEU is subject to the four cumulative requirements laid down in that provision. Those requirements are, first, that the arrangement concerned must contribute to improving the production or distribution of the goods or services in question, or to promoting technical or economic progress; secondly, that consumers must be allowed a fair share of the resulting benefit; thirdly, that it must not impose on the participating undertakings restrictions that are not indispensable; and, fourthly, that it must not afford them the possibility of eliminating competition in respect of a substantial part of the products or services in question.
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