Exclusive Territory
/ɪkˈskluːsɪv ˈtɛrɪtəri/
Definitions
- (n.) A contractual arrangement granting a party sole rights to market or sell products within a specific geographic area.
The distributor was given an exclusive territory to sell the brand's products in the Midwest.
Forms
- exclusive territory
- exclusive territories
Related terms
See also
Commentary
Exclusive territory clauses are common in franchise and distribution agreements to prevent competition within defined geographic limits.
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.