The Fair Trade Law (FTL) stipulates that competing enterprises are generally prohibited from engaging in “unfair competition”. Under the FTL, the term “unfair competition” refers not only to those specific types of conduct mentioned in Articles 18 through 23 of the FTL, but also to the blanket clause─Article 24 of the FTL. The major function of the aforesaid legislative model is to grant the executing body the authority to make decisions on a case-by-case basis to avoid possible deficiencies in the legislation. However, since “deceptive or obviously unfair conduct that is able to affect trading order” is an uncertain legal concept, its interpretation often gives rise to controversy in the implementation of Article 24 of the FTL. Consequently, the main point of this essay is to expound Article 24 of the FTL and the related issues. First of all, we will illustrate the characteristics of Article 24 by introducing the relevant legislative models. Furthermore, we will also explore the application and terms/conditions of Article 24 of the FTL by discussing the actual implementation of Article 24 by the Fair Trade Commission. Finally, by quoting the relevant Fair Trade Commission interpretations with respect to Article 24, we will acknowledge the significant status accorded to Article 24 in maintaining trading order, protecting consumers’ interests, and ensuring fair competition. From the viewpoint of the accumulated implementation experience of the Fair Trade Commission, the so-called “deceptive conduct” means that anyone who has deliberately concealed or made a reckless nondisclosure of important information concerning transactions, thus causes the other party to act erroneously. The so-called “obviously unfair conduct” refers to the conduct of anyone who has engaged in competition or a business transaction in an obviously unfair manner. This essay concludes by stating that, although the patterns of business transactions are continuously being renewed, the aforesaid blanket clause shall also continue to apply in spite of the new challenges. However, once we can seize the content of the blanket clause, balance the interests of the competing enterprises and the consumers, and thus establish a fair competition order, the applications and the interpretation of Article 24 of the FTL shall be deemed to be useful.