Exclusive Contract
/ɪkˈskluːsɪv ˈkɒntrækt/
Definitions
- (n.) A contract granting rights or privileges to one party to the exclusion of others.
The company secured an exclusive contract to supply all the local schools with textbooks.
- (n.) An agreement that prohibits one party from engaging in similar agreements with competitors during its term.
The athlete signed an exclusive contract keeping him from endorsing rival brands.
Forms
- exclusive contract
- exclusive contracts
Related terms
See also
Commentary
Exclusive contracts often contain clauses specifying the scope and duration of exclusivity to prevent disputes over interpretation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.