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potential competitor

as defined in Commission Regulation (EU) No 1217/2010 of 14 December 2010 on the application…, Article 1(1), point (t) (Definitions)

an undertaking that, in the absence of the research and development agreement, would, on realistic grounds and not just as a mere theoretical possibility, in case of a small but permanent increase in relative prices be likely to undertake, within not more than 3 years, the necessary additional investments or other necessary switching costs to supply a product, technology or process capable of being improved, substituted or replaced by the contract product or contract technology on the relevant geographic market;

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