Art. 101 TFEU para. 3

The provisions of paragraph 1 may, however, be declared inapplicable in the case of:
 any agreement or category of agreements between undertakings,
 any decision or category of decisions by associations of undertakings,
 any concerted practice or category of concerted practices, which contributes to improving the production or distribution of goods or to promoting technical or economic progress, while allowing consumers a fair share of the resulting benefit, and which does not:
(a) impose on the undertakings concerned restrictions which are not indispensable to the attainment of these objectives;
(b) afford such undertakings the possibility of eliminating competition in respect of a substantial part of the products in question.

• Art. 101 para. 3 TFEU - role of the exemptions
• Art. 101 para.3 TFEU - general preconditions
• Art. 101 para. 3 TFEU - efficiencies
• Art. 101 para. 3 TFEU - rule of reason
  • Similarities and differences between Art. 101 para. 3 TFEU and the "rule of reason"