This Practice Note examines competition law in relation to copyright exploitation under UK law. It covers exhaustion of rights and parallel trade including an examination of Article 101 of the Treaty on the Functioning of the European Union (TFEU) and Chapter 1 of the Competition Act 1998 (CA 1998) and copyright licensing. Vertical agreements and exclusive licences are considered covering absolute territorial protection, geo-blocking, tying and bundling, as are horizontal agreements covering collective licensing and joint selling. The relationship between copyright exploitation and Article 102 TFEU and CA 1998, Chapter II is also considered.